16.15 (1.16%) Morgan Stanley Asia (Singapore), Morgan Stanley India Capital and Morgan Stanley & Co. International plc, have acquired additional stake of 0.24% or 350,000 shares of United Spirits through market purchase on August 29. Post acquisition, Morgan Stanley’s holding in the company increased to 5.0976% from 4.8576% earlier.
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.