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United Spirits gets nod to raise funds up to $225 million via FCCBs

21 Jan 2012 Evaluate

United Spirits, India's largest liquor maker has obtained shareholders' nod to raise $225 million through the foreign currency convertible bonds (FCCB) route, out of which $50 million will be the green-shoe option. The company is raising this money to repay some foreign debt and fund ‘capital expenditure,' for some acquisitions.

The company has to repay Whyte & Mackay’s debt of around 375 million pound. United Breweries bought Scotch whisky maker Whyte & Mackay for about 595 million pound in 2007.

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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