India's UPL rises on deal with Saudi investment firm for manufacturing complex

UPL

07/03/2024 05:08

** Shares of UPL  UPLL.NS  up 1.7%
    ** Stock rose as much as 2.7% to day's high of 485.95 rupees
    ** Agriculture chemicals maker said its unit and Saudi
Arabia-based investment co Masarrah Investment Company (MIC)
signed a share subscription agreement for establishing a
manufacturing complex in Saudi Arabia
    ** Manufacturing complex for the production of phosphate,
cyanide, and chlorine value-added products
    ** UPL on track to snap two consecutive weeks of losses, if
trends hold
    ** Stock down 18% so far this year


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))