Srei Group Firm Sells 22 Lakh United Spirits Shares for Rs 597 Crore
India Global Competitive Fund, part of Kolkata-based Srei group, on Friday offloaded nearly 22 lakh shares in United Spirits for a little over Rs 597 crore.
According to information available with stock exchanges, India Global Competitive Fund sold 21,98,980 shares of the flagship firm of the Vijay Mallya-led UB Group.
The shares were offloaded at an average price of Rs 2,717.33, valuing the transaction at Rs 597.53 crore through an open market transaction.
However, buyer(s) of the shares could not be ascertained immediately.
United Spirits is India's top spirits maker with brands such as Signature, Bagpiper, Antiquity and Royal Challenge.
Shares in United Spirits, on Friday, ended at Rs 2,783.40 apiece on the BSE, up 0.26 per cent from the previous close.
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