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United Spirits to sell non-core assets to trim debt: Reports

22 May 2015 Evaluate

United Spirits (USL) is reportedly planning to sell non-core residential and industrial assets in India and overseas to cut debt of Rs 300 crore. The company's ‘unproductive’ residential properties units are spread across Mumbai, Bangalore, Kolkata and Hong Kong, and also include a castle in the UK.

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.

Peers
Company Name CMP
United Spirits 1366.75
United Breweries 1242.10
Radico Khaitan 4345.00
India Glycols 280.95
Allied Blenders&Dist 632.20
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