SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

United Spirits plans to sell 11.35% stake in Pioneer Distilleries

22 Sep 2014 Evaluate

In a bid to comply with regulatory requirements of having 25% public shareholding, United Spirits is planning to sell 11.35% stake in Pioneer Distilleries. The sale will be carried out on a separate window provided by the BSE and NSE under Securities and Exchange Board of India (SEBI) offer for sale (OFS) circular.

As on June 2014, promoter and promoter group held 86.35% in Pioneer Distilleries, while public shareholding is 13.65%.

Earlier in June 2010, the government had amended the Securities Contract (Regulations) Act rules, which made it mandatory for all listed companies to have a minimum of 25% public shareholding.

Pioneer Distilleries, a subsidiary of United Spirits is engaged in manufacturing of Alcohol. The factory is situated at Dharmabad of Nanded District of Maharashtra.

Pioneer Distilleries Share Price

180.90 0.00 (0.00%)
05-Jan-2023 18:21 View Price Chart
Peers
Company Name CMP
United Spirits 1351.05
United Breweries 1357.70
Radico Khaitan 3949.20
Allied Blenders&Dist 668.10
India Glycols 1026.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: