United Breweries Holdings (UBL) has reportedly reduced its stake in United Spirit by 2.02 percent to 15.73 percent. The stake has been reduced due to invocation of pledged shares.
UBL’s business activities include manufacturing, market and export of alcoholic beverages, leather footwear, pharmaceutical products, agrochemicals and processed food. It also operates air transportation and engineering colleges through its subsidiaries.
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.
