UPL share price slips as Advanta IPO papers hit SEBI: what the filing reveals
UPL’s seed unit Advanta filed a draft prospectus for an IPO with SEBI, aiming to sell up to 36.1 million shares, including 28.1 million from UPL. UPL shares fell over 8% in afternoon trading, underperforming sector peers. The IPO will be a pure offer for sale, with no new shares issued. Timing and pricing remain pending regulatory review.
