6.20 (0.44%) United Spirits (USL) is reportedly planning to sell non-core residential and industrial assets in India and overseas to cut debt of Rs 300 crore. The company's ‘unproductive’ residential properties units are spread across Mumbai, Bangalore, Kolkata and Hong Kong, and also include a castle in the UK.
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.