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UPL Limited has become the first issuer to complete the secondary listing of its Global Depository Receipts (GDRs) programme on NSE IX, effective January 30, 2026. The GDRs, already listed on SGX and admitted to trading on LSE’s International Order Book, now expand their global footprint under SEBI regulations.
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UPL Limited has achieved a significant milestone by securing the secondary listing of its Global Depository Receipts (GDRs) on NSE IX, a recognized jurisdiction under SEBI regulations. This move strengthens the company’s international presence and aligns with regulatory frameworks governing depository receipts.
Key Highlights:
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UPL Limited is the first issuer to complete such a secondary listing on NSE IX.
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The listing will be effective from January 30, 2026, following approval of the company’s application dated September 10, 2025.
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The GDR programme is primarily listed on Singapore Stock Exchange Ltd (SGX) and admitted to trading on London Stock Exchange’s International Order Book (IOB).
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Each GDR represents two equity shares (2:1), with a total of 2,70,80,276 GDRs recorded as of September 9, 2025.
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The securities carry the symbol UPL GDR, with ISIN US90320U1152 and a market lot of one.
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The company is required to ensure ongoing compliance with the depository receipts framework, listing agreement, and International Financial Services Centres Authority (Listing) Regulations, 2024.
Sources: NSE IFSC Exchange, SEBI Regulations, Singapore Stock Exchange Ltd, London Stock Exchange (IOB).
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