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Morgan Stanley Asia acquires over 3% stake in Radico Khaitan

27 Aug 2015 Evaluate

Morgan Stanley Asia Singapore PTE has acquired over 3% stake in Radico Khaitan. Morgan Stanley has bought 1.46 million shares in the company at an average traded price of Rs 89.66 per equity share.

Radico Khaitan (RKL), established in 1943 as Rampur Distillery, is one of the India's oldest and largest liquor manufacturers. The company owns three millionaire brands namely 8 PM Whisky, Contessa Rum and Old Admiral Brandy.

Peers
Company Name CMP
United Spirits 1397.20
United Breweries 1255.85
Radico Khaitan 4366.95
India Glycols 295.70
Allied Blenders&Dist 631.85
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