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United Spirits enters into agreement for sale of entire stake in its arm

25 Jan 2021 Evaluate

United Spirits (USL) has entered into a definitive agreement for sale of its entire shareholding in its wholly owned subsidiary -- Tern Distilleries, to NCL Industries for consideration of Rs 30 crore. Upon completion of the above sale, Tern Distilleries will cease to be a subsidiary of the Company.

For the financial year ended March 2020, Tern Distilleries was a non-operative company and consequently did not have any turnover or revenue or income.

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
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