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United Spirits zooms on plan of selling 13 properties owned by Mallya

31 May 2017 Evaluate

United Spirits is currently trading at Rs. 2271.45, up by 181.60 points or 8.69% from its previous closing of Rs. 2089.85 on the BSE.

The scrip opened at Rs. 2145.60 and has touched a high and low of Rs. 2304.55 and Rs. 2145.60 respectively. So far 192163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2702.65 on 07-Jul-2016 and a 52 week low of Rs. 1775.05 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 2304.55 and Rs. 1969.05 respectively. The current market cap of the company is Rs. 33207.39 crore.

The promoters holding in the company stood at 58.48%, while institutions and non-institutions held 27.53% and 13.97% respectively.

United Spirits (USL) is planning to sell 13 properties, earlier owned by its former Chairman and promoter Vijay Mallya, who has failed to buy back within an agreed deadline.

In February 2016, when Mallya resigned as chairman of USL following a $75-million sweetheart deal with the company’s new owner Diageo, the embattled liquor baron had also entered into a pact that allowed him or a party nominated by him to acquire up to 13 domestic properties from USL within a limited timeframe.

USL received call notices from a party nominated by Mallya indicating its intention to purchase four non-core properties from the company but the said call notices have since expired due to inaction by the party nominated by Mallya. The company secured independent valuation for these properties and had shared the same with Mallya.

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
View more..

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