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United Spirits inches up on planning to raise Rs 750 crore to balance debt

08 Aug 2017 Evaluate

United Spirits is currently trading at Rs. 2576.00, up by 3.00 points or 0.12% from its previous closing of Rs. 2573.00 on the BSE.

The scrip opened at Rs. 2588.00 and has touched a high and low of Rs. 2596.00 and Rs. 2564.00 respectively. So far 2,161 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2773.30 on 19-Jul-2017 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. 2698.00 and Rs. 2561.65 respectively. The current market cap of the company is Rs. 37,274.00 crore.

The promoters holding in the company stood at 58.48%, while Institutions and Non-Institutions held 28.17% and 13.35% respectively.

United Spirits is planning to raise Rs 750 crore from the market in order to balance its debt by issuing Non-Convertible Debentures (NCDs). The company will seek its shareholders approval in its proposed AGM on August 30 to issue debentures having a face value of Rs 10 lakh each. The money would be used for repayment of existing loans, capital expenditure and other funding requirements of the company from time to time.

United Spirits is the largest spirits company in India and a flagship entity of 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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