UPL completes ₹3,378 crore rights issue utilization

UPL Limited announced it has fully utilized proceeds from its rights issue, amounting to ₹3,377.7 crore, according to a monitoring agency report for the quarter ended June 30, 2025.

The majority of proceeds, ₹1,485.1 crore, were used for prepayment and repayment of outstanding borrowings. An additional ₹165.5 crore was allocated to general corporate purposes, including vendor payments and advance tax.

CARE Ratings Limited confirmed no variation or deviation in fund utilization. As of June 30, 2025, an unutilized balance of ₹8.1 crore remains in the allotment account.