United Spirits gains on stepping into agreement to sell whole stake in FSWL

United Spirits gains on stepping into agreement to sell whole stake in FSWL

by admin- Tuesday, January 15th, 2019 04:17:44 PM

United Spirits is presently buying and selling at Rs. 601.Ninety, up by 5.05 points or 0.85% from its previous ultimate of Rs. 596.Eighty five on the BSE.

The scrip opened at Rs. 599.00 and has touched a high and occasional of Rs. 607.35 and Rs. 597.15 respectively. So some distance 27599 stocks have been traded on the counter.

The BSE institution ‘B’ inventory of face price Rs. 2 has touched a fifty two week excessive of Rs. 786.71 on 23-Jan-2018 and a 52 week low of Rs. 439.00 on 09-Oct-2018.

Last one week excessive and low of the scrip stood at Rs. 609.65 and Rs. 582.Seventy five respectively. The modern market cap of the employer is Rs. 43830.Eighty five crore.

The promoters protecting in the organization stood at 56.Seventy six%, even as Institutions and Non-Institutions held 29.23% and 14.01% respectively.

United Spirits (USL) has accomplished a percentage buy agreement for the sale of its entire equity percentage capital in its totally owned subsidiary, Four Seasons Wines (FSWL) in addition to related manufacturers to Grover Zampa Vineyards and Quintela Assets. As a result, FSWL will give up to be a subsidiary of USL.

This pass closer to disinvestment of FSWL is in keeping with USL’s method to successfully continue to monetise its non-core assets, inclusive of subsidiaries.

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