United Spirits raises Rs750 crore via NCDs
United Spirits has alloted 7,500 rated, unlisted, secured and redeemable NCDs of face value Rs10 lakh each aggregating Rs750 crore29-12-2017
29-12-2017
Allotment
The Company has allotted rated, unlisted, unsecured, redeemable and non-convertible debentures (NCD) on private placement basis.29-12-2017
United Spirits sees McDowell's No.1 brand driving sales growth
United Spirits is now ramping up its marketing for McDowells's No.1 via its luxury soda brand and plans to reach 50 million people through its No.1 Yaari' ad campaign18-12-2017
Credit Rating
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we disclose herewith the letter containing the credit rating issued by CRISIL.14-11-2017
Paradise Papers: United Spirits' books had several loopholes; firm now transparent in disclosures, says Diageo
The British firm has clarified that USL has streamlined all the processes and works in tandem with lawful business practices.07-11-2017
United Spirits gets RBI nod to exit Nepal subsidiary
Liquor firm United Spirits receives approval from the Reserve Bank of India to sell its entire stake in subsidiary United Spirits Nepal03-11-2017
Diversification / Disinvestment
Further to disclosure made by the Company on January 15, 2016, we have obtained approval from RBI for the said transaction.03-11-2017
United Spirits pips Pernod Ricard in the battle for bottle
India, the third largest liquor market in the world, is considered one of the toughest because of varied policies which swings from being highly restricted in one State to liberal in another01-11-2017
United Spirits results lift liquor stocks
Shares of all liquor makers rose on Friday after United Spirits (USL) reported higher than expected growth in profit and margins.The strong showing by the Diageo-owned company indicated the sector was able to weather the storm created by the ban on sale of liquor on highways and the new goods and services tax (GST).USL shares rose 23 per cent at one, the highest in a day over four years, after it reported an 84 per cent increase in net profit, a 57 per cent jump in earnings before interest taxes, depreciation and amortisation (Ebitda) and a 631 basis points increase in Ebitda margins for the quarter ended September. The stock ended with a 17.6 per cent gain, at Rs 3,029. Shares of Globus Spirits gained 16 per cent, while Pioneer Distilleries and GM Breweries gained 10 per cent each."In spite of the GST and highway ban issues, United Spirits delivered an impressive 14 per cent year-on-year Ebitda growth in the financial year's first half. Further, improving cash flows and a reducing...28-10-2017
United Spirits Shares Jump About 18% On Strong Earnings
During the day, it zoomed 23.28 per cent to Rs 3,175 -- its 52-week high.27-10-2017