United Spirits Ltd.

Morgan Stanley Asia (Singapore) purchased 10,80,142 shares amounting to 0.74% stake, of United Spirits through an open market transaction. The foreign fund house has purchased the shares of Vijay Mallya-led company for an average price of Rs 2,118.23 valuing the transaction to Rs 228.79 crore.

Earlier this month, Morgan Stanley Asia had sold 24.50 lakh shares of United Spirits for over Rs 566 crore to Bank of Nova Scotia Asia.  As of May 31, Morgan Stanley Asia held 58.46 lakh shares, which is equivalent to 4.02% stake in United Spirits.

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.