Linklaters advises on the issuance of the equity shares on a rights basis by UPL Limited

Linklaters acted for the book running lead managers as international counsel on the issuance of the equity shares on a rights basis by UPL Limited, totalling up to INR 337.774bn (approx. US$390m).

UPL Limited is an Indian multinational company and a global leader of sustainable agricultural solutions and services, covering the entire agricultural value chain spanning high-performance seeds, crop protection products, natural solutions, on-farm equipment and services, and post-harvest solutions.

The book running lead managers on the transaction included Axis Capital Limited, BNP Paribas  and JM Financial Limited, amongst others.

The Linklaters team advising on the transaction was led by partner and head of India practice Amit Singh, with support from counsel Joseph Wolpin and managing associate Calvin Soon.

Linklaters has an established reputation as a leading Indian capital markets practice. With one of the largest teams of any firms focussed on the India market, the team supports international clients and leading Indian corporates as they invest both within and outside India across equity and debt capital markets.