United Spirits to reduce its Debt by up to Rs 2,000 cr

As reported earlier, United Sprits has an outstanding debt of over Rs 4,000 crores as on 31^st March, 2016. The Diageo-controlled liquor firm is looking to reduce its debt by up to Rs 2,000 crores in the next two years, through various measures that include sale of shares as well as properties earlier owned by the embattled businessman Vijay Mallya.

Mallya, however, has the first right to buy the properties as part of the deal he had signed with Diageo in February to exit from United Spirits Limited.

United Spirits is the largest spirits company in India and a flagship entity of US$ 2 billion UB group. The Company manufactures wide range of whisky, vodka, rum and other spirits.

United Spirits share price is currently trading at Rs 2,541.95, down by 0.24 per cent. Yesterday the share price closed at Rs 2,548.05 and today it opened at Rs 2,556.70. So far 47,278 shares of the Company have been traded on NSE amounting to a total of Rs 1,208.13 lacs.

Important Fundamentals:

• Sector- FMCG-Beverages
• Face Value (Rs.)- 10
• Average Daily Movement [ADM]- 44.82
• Average Volume [20 days]– 4,12,144
• 1 Month Return (%)- 8.93
• Consolidated FY 15-16 PE Ratio - 38.26
• Consolidated Trailing PE Ratio - 0
• Standalone FY 15-16 PE Ratio - 37.74
• Standalone Trailing PE Ratio - 36.28
• Book Value - 123.03
• Market Cap - Rs 37030.24(Cr)
• % of Promoter holding pledged – 3.13

52 week high of the share is Rs 3644.25 made on 20th November 2015 and 52 week low of it is Rs 2118.00 made on 10th August 2016.

United Spirits Ltd, abbreviated to USL, is an Indian alcoholic beverages company, and the world's second-largest spirits company by volume. It is a subsidiary of Diageo, and headquartered at UB Tower in Bangalore, Karnataka. USL exports its products to over 37 countries.

Get the historical price performance of the shares of United Spirits at United Spirits share price history.