UPL Limited
SBI Mutual Fund raised its stake in UPL Limited from 1.86% to 1.93%, acquiring 5,79,349 shares through a rights issue.
A leading agrochemicals manufacturer, UPL is principally engaged in the production and distribution of pesticides, industrial chemicals, chemical intermediates, and specialty chemicals serving diverse agricultural and industrial sectors. The company also produces and sells field crop and vegetable seeds, catering to farmers across India and international markets. UPL's vertically integrated business model spanning crop protection solutions and seed production distinguishes it within the agrochemical industry.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.