United Spirits Ltd.

United Spirits is currently trading at Rs. 601.90, up by 5.05 points or 0.85% from its previous closing of Rs. 596.85 on the BSE.

The scrip opened at Rs. 599.00 and has touched a high and low of Rs. 607.35 and Rs. 597.15 respectively. So far 27599 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 786.71 on 23-Jan-2018 and a 52 week low of Rs. 439.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 609.65 and Rs. 582.75 respectively. The current market cap of the company is Rs. 43830.85 crore.

The promoters holding in the company stood at 56.76%, while Institutions and Non-Institutions held 29.23% and 14.01% respectively.

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.