United Spirits may sell entire shareholding of Tern Distilleries
Mon, Jan 25, 2021 1:13 PM

United Spirits may sell entire shareholding of Tern Distilleries

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United Spirits Ltd on Saturday entered into a definitive agreement to sell its entire shareholding in its non-operative subsidiary– Tern Distilleries Private Ltd for Rs 30 crore. The company wants to monetise its non-core assets. Upon completion of the agreement of sale, Tern Distilleries will cease to be a subsidiary of the company.

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