United Spirits Ltd.

United Spirits is currently trading at Rs. 2747.90, up by 38.55 points or 1.42% from its previous closing of Rs. 2709.35 on the BSE.

The scrip opened at Rs. 2723.15 and has touched a high and low of Rs. 2759.05 and Rs. 2691.00 respectively. So far 35486 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2815.00 on 18-Jul-2013 and a 52 week low of Rs. 1708.20 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 2759.05 and Rs. 2607.70 respectively. The current market cap of the company is Rs. 39859.77 crore.

The promoters holding in the company stood at 36.15% while Institutions and Non-Institutions held 47.40% and 16.14% respectively.

United Spirits has received its board’s approval to sell Glasgow-based liquor company -- Whyte & Mackay. The said decision comes on the heels of a ruling by the UK’s anti-trust regulator, Office of Fair Trading, which said that as both Diageo and Whyte & Mackay supply blended bottled whisky, there could be a loss of competition, giving rise to higher prices for retailers and consumers.

United Spirits is now controlled by British liquor major Diageo and with the sale of Whyte & Mackay, Diageo could fetch around $1 billion.

Whyte & Mackay has been steadily making profits over the last few years. In 2012-13, its pre-tax profits rose nearly 28 per cent to 34 million pound while revenues increased 16 per cent to 263 million pound.