UPL share price, Feb. 23 -- Shares of agrochemical player UPL Limited cracked 13% on Monday, February 23, after the company announced a group structuring plan to integrate its Indian and overseas crop protection businesses, prompting negative reactions from brokerages and investors.

UPL share price hit the day's low of Rs.650.40, falling 13.48% from its last closing price of Rs.751.75 apiece on the BSE.

UPL, last Friday, said it is undertaking a three-step restructuring to create UPL Global (UPL 2) as a unified India and international crop protection platform, positioning it as the world's second-largest listed pure-play crop protection company.

The plan involves merging UPL SAS into UPL, demerging the India Crop Protection business in...