United Spirits sells South India subsidiary to Singapore firm

By Debjyoti Roy

  • 15 Oct 2020
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Credit: 123RF.com

Diageo Plc-controlled United Spirits Ltd has announced that it is selling its Hyderabad-based subsidiary Tern Distilleries Pvt Ltd to a Singapore-based entity in a bid to monetise its non-core assets. United Spirits has entered into a definitive agreement to sell the entity to Sri Balaji Impex (SNG) Pte Ltd for Rs ......

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