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Liquor ban on highways: United Spirits, Radico Khaitan down over 5%

United Spirits, Radico Khaitan, Associated Alcohols and Globus Spirits were down up to 8% on BSE.

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Deepak KorgaonkarPuneet Wadhwa Mumbai / New Delhi
Shares of breweries & distilleries companies such as United Spirits, Radico Khaitan, Associated Alcohols & Breweries and Globus Spirits have fallen by up to 8% on the BSE in otherwise strong market after the Supreme Court order banning sale of liquor along the national and state highways.

Liquor vends within 500 metres of national and state highways will have to shut down from Saturday, the Supreme Court on Friday said, exempting the hill states of Sikkim, Meghalaya and Himachal Pradesh and areas having population up to 20,000, the PTI report suggests. CLICK HERE TO READ FULL REPORT.

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