United Spirits will hold a meeting of the Board of Directors of the Company on 4 November 2020.

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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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United Spirits Ltd is up for a fifth straight session today. The stock is quoting at Rs 530, up 0.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 11745.95. The Sensex is at 39883.56, up 0.78%. United Spirits Ltd has slipped around 3.7% in last one month.

Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has slipped around 2.22% in last one month and is currently quoting at 30054.7, up 0.27% on the day. The volume in the stock stood at 10.64 lakh shares today, compared to the daily average of 21.01 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 530.5, up 0.3% on the day. United Spirits Ltd is down 14.72% in last one year as compared to a 3.82% jump in NIFTY and a 0.44% jump in the Nifty FMCG index.

The PE of the stock is 104.52 based on TTM earnings ending June 20.

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United Spirits announced that Hip Bar has allotted 19,50,000 CCPS of Rs.10/- each to the Company on 1 October, 2020.

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