UNITED SPIRITS LTD. - 532432 - Disclosure Under Regulation 30(7) And Other Applicable Provisions Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Completion Of Transaction With Inbrew Beverages Private Limited
We wish to inform you that, on 30 September 2022, United Spirits Limited (the 'Company') has: (i) completed the slump sale of the entire business undertaking associated with 32 brands in the 'Popular' segment to Inbrew Beverages Private Limited ('Inbrew'); and (ii) given effect to the franchise of 11 other brands in the 'Popular' segment in favour of Inbrew for a period of five years, with an option for Inbrew, subject to certain conditions, (a) to convert the fixed term franchise arrangement into a franchise arrangement with perpetual rights to use; and / or (b) to acquire such brands (collectively, the 'Transaction').30-09-2022
