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United Spirits gains after getting CCI's approval for sale of Tamil Nadu distillery to Enrica

30 Dec 2013 Evaluate

United Spirits is currently trading at Rs. 2543.00, up by 6.60 points or 0.26 % from its previous closing of Rs. 2536.90 on the BSE.

The scrip opened at Rs. 2554.95 and has touched a high and low of Rs. 2564.35 and Rs. 2521.00 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2815.00 on 18-Jul-2013 and a 52 week low of Rs. 1708.20 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 2649.00 and Rs. 2508.95 respectively. The current market cap of the company is Rs. 36895.08 crore.

The promoters holding in the company stood at 36.15 % while Institutions and Non-Institutions held 47.40 % and 16.14 % respectively. Fair trade watchdog Competition Commission of India (CCI) has approved United Spirits’ proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, as the deal does not raise adverse competition concerns.

The deal comprises hiving off all the operations at the unit of United Spirits that manufactures Indian Made Foreign Spirits (IMFS) to Enrica, by way of slump sale on a going concern basis. The unit is located at Poonamallee, Chennai.

Post-deal, Enrica would make certain IMFS brands of United Spirits using technology and know-how and under the trademark of the Vijay Mallya’s led company.

Recently, the Karnataka High Court ruled as void a part of the sale of share of United Spirits (USL), by United Breweries Holdings, to Diageo. The court overturned an order, passed in March by a single-judge Bench in the company court, allowing Vijay Mallya’s UB Holdings to sell a significant part of its stake in USL to Diageo.

United Spirits Share Price

1306.75 3.75 (0.29%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1306.75
United Breweries 1522.35
Radico Khaitan 3347.15
India Glycols 963.60
Allied Blenders 573.75
View more..

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