Debt Recovery Tribunal Sells United Spirits’ Shares Worth Rs 196 Crore
Bottles of McDowell’s No. 1 whiskey produced by United Spirits Ltd., a distiller partly owned by Diageo Plc, sit on display at a roadside liquor store in Gurgaon, Haryana, India (Photographer: Udit Kulshrestha/Bloomberg)

Debt Recovery Tribunal Sells United Spirits’ Shares Worth Rs 196 Crore

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The recovery official of the Debt Recovery Tribunal sold more than 33 lakh shares of United Spirits Ltd. for around Rs 196 crore, according to the block deal data of stock exchanges.

The BSE block deal data showed that the recovery official of the Debt Recovery Tribunal sold a total of 33.1 lakh (33,10,515) shares of United Spirits at a price of Rs 591.95 per share, valuing the transaction at Rs 195.96 crore.

In another transaction, Diageo group owned entity Relay BV purchased 33.1 lakh (33,10,515) shares of United Spirits at a price of Rs 591.95 per scrip.

Relay BV is a promoter entity of United Spirits.

Meanwhile, United Spirits in a filing said that its promoter company Relay BV acquired 33.1 lakh shares through a block trade on Tuesday.

The shareholding of Relay BV in United Spirits would rise to 55.24 percent from 54.78 per cent currently post acquisition of shares, the filing noted.

Shares of United Spirits Ltd ended at Rs 578.10, down 1.36 percent on BSE.

Also read: BQ Edge | Why United Spirits’ Stock May Be Poised For Good Times

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