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United Spirits to sell stake in Tern Distilleries

15 Oct 2020 Evaluate

United Spirits (USL) has entered into a definitive agreement for sale of its entire shareholding in its wholly owned subsidiary Tern Distilleries to Sri Balaji Impex (SNG), Singapore for consideration of Rs 30 crore. Upon completion of the said sale, Tern Distilleries will cease to be a subsidiary of the company.

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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