MoneyWorks4Me

Morgan Stanley acquires additional stake in United Spirits

04 Sep 2013 Evaluate

Morgan Stanley Asia (Singapore), Morgan Stanley India Capital and Morgan Stanley & Co. International plc, have acquired additional stake of 0.24% or 350,000 shares of United Spirits through market purchase on August 29. Post acquisition, Morgan Stanley’s holding in the company increased to 5.0976% from 4.8576% earlier.

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.

 

Peers
Company Name CMP
United Spirits 1366.75
United Breweries 1240.40
Radico Khaitan 4345.00
India Glycols 280.95
Allied Blenders&Dist 635.65
View more..