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United Spirits to sell land, treasury shares to reduce debt

12 Nov 2014 Evaluate

In a bid to pare its huge debt of Rs 7,600 crore, Liquor maker United Spirits (USL) has lined up a number of measures, including selling treasury shares and surplus land and properties. The company’s board has approved the plan to monetize surplus assets.

The company is planning to offload a substantial number of treasury shares of both itself and those of United Breweries held by USL. However, the treasury shares of USL are stuck in litigation with a bank and it is expected to take a few more months before the issue is settled.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.

 

United Spirits Share Price

1303.00 48.35 (3.85%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1303.00
United Breweries 1494.10
Radico Khaitan 3188.25
India Glycols 975.65
Allied Blenders 573.50
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