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.
| Company Name | CMP |
|---|---|
| United Spirits | 1392.55 |
| United Breweries | 1343.95 |
| Radico Khaitan | 3892.50 |
| Allied Blenders&Dist | 655.90 |
| India Glycols | 1073.85 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: