United Spirits Ltd.

United Spirits (USL) has executed a share purchase agreement for the sale of its entire equity share capital in its wholly owned subsidiary, Four Seasons Wines (FSWL) as well as associated brands to Grover Zampa Vineyards and Quintela Assets. As a result, FSWL will cease to be a subsidiary of USL.

This move towards disinvestment of FSWL is in line with USL's strategy to successfully continue to monetise its non-core assets, including subsidiaries.

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.