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United Spirits to divests its entire stake in Tern Distilleries

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Capital Market
Last Updated : Oct 15 2020 | 10:16 AM IST

For a consideration of Rs 30 crore

United Spirits has entered into a definitive agreement to sell its entire shareholding in its non-operative subsidiary - Tern Distilleries for a consideration of Rs 30 crore. The move is in line with the company's intention of monetizing its non-core assets.

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First Published: Oct 15 2020 | 9:51 AM IST

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