United Spirits is currently trading at Rs. 2753.00, up by 20.00 points or 0.73% from its previous closing of Rs. 2733.00 on the BSE.
The scrip opened at Rs. 2686.85 and has touched a high and low of Rs. 2829.95 and Rs. 2656.00 respectively. So far 22307 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4080.00 on 05-Mar-2015 and a 52 week low of Rs. 2548.75 on 18-Jan-2016.
Last one week high and low of the scrip stood at Rs. 2857.75 and Rs. 2548.75 respectively. The current market cap of the company is Rs. 40252.15 crore.
The promoters holding in the company stood at 58.87% while Institutions and Non-Institutions held 28.59 % and 12.03% respectively.
United Spirits has entered into an agreement for sale of all 67,716 equity shares constituting 82.46% of the paid up equity share capital held by the company in its subsidiary, United Spirits Nepal to Rajesh Bir Singh Tuladhar of Kathmandu, Nepal, at a price of Nepalese Rs 5,042 per share. The consideration will be subject to the deduction of applicable taxes in Nepal.
Following the completion of this sale, the company will hold no shares in United Spirits Nepal and it will cease to be a subsidiary of the company. The company will continue to have a licensing arrangement with United Spirits Nepal pursuant to which products bearing the company’s brand names will continue to be manufactured, marketed and sold in Nepal.
The transaction is subject to various regulatory approvals and other conditions precedent, upon the fulfillment of which the sale of shares will be completed.
