United Spirits Ltd.

BSE: 532432 | NSE: UNITDSPR
Mid Cap | Breweries & Distilleries
1427.90
6.20 (0.44%)
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United Spirits to sell non-core assets to trim debt: Reports

Date: 22-05-2015

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.