United Spirits Ltd.

United Spirits is planning to raise Rs 750 crore from the market in order to balance its debt by issuing Non-Convertible Debentures (NCDs). The company will seek its shareholders approval in its proposed AGM on August 30 to issue debentures having a face value of Rs 10 lakh each. The money would be used for repayment of existing loans, capital expenditure and other funding requirements of the company from time to time.

United Spirits is the largest spirits company in India and a flagship entity of UB group. It manufactures wide range of whisky, vodka, rum and other spirits.