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United Spirits raises Rs 750 crore on private placement basis

30 Dec 2017 Evaluate

United Spirits has allotted 7,500 rated, unlisted, unsecured, redeemable and non-convertible debentures (NCD) of face value Rs 10 lakh each aggregating to Rs 750 crore on private placement basis. The NCDs were allotted on December 28, 2017 and will carry a coupon rate of 7.45% per annum (p.a.). The tenure of the NCDs will be for a period of 3 years.

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.

Peers
Company Name CMP
United Spirits 1370.05
United Breweries 1182.85
Radico Khaitan 4280.00
India Glycols 303.20
Allied Blenders&Dist 696.50
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