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Agrochemicals manufacturer UPL announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, according to its filing with stock exchanges on November 20. The funds will be raised by issuing 9.38 crore partly paid-up equity shares. The issue price represents a 34% discount to UPLs closing price of Rs 546.85 on November 19.
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The pace at which prices are going up is closely watched as it influences the future path of interest rates.
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News and Media
Lahore, Pakistan, a city known for its vibrant night life, is grappling with hazardous smog levels. The government has imposed restrictions, including early closures of markets and wedding halls, to combat the pollution crisis. The smog, attributed to various factors like vehicle emissions and industrial activity, has severely impacted daily life and public health, particularly affecting children and the poor.
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News and Media
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