A positive development. UPL seems to be judiciously using debt but markets are not happy about their debt, incl recent surge in WC debt. The restructuring is beautifully done - paving way for demerger of advantage and UPL SAS in due time. UPL can venture beyond Agchem into the broader specialty Chem space where PI industries enjoys such a large PE.
Management doing all right thi gs to create shareholder value, somehow Mr Market still coy…
DISCLOSURE Invested at 750 levels, under water now, Mere words of a lay person, not a recommendation ofanu kind
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