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The latest announcement is out from United Breweries Limited ( (IN:UBL) ).
United Breweries Limited has received a demand order from the Office of Commissioner of State Tax, Pataliputra Circle, Bihar, alleging that the company claimed excess input tax credit, resulting in a penalty of Rs.29,00,048 under the Bihar Goods and Services Act, 2017. The company has stated that this order will not have a material impact on its financial or operational activities and is currently considering an appeal.
More about United Breweries Limited
United Breweries Limited operates in the brewing industry, primarily producing and distributing beer. It is a significant player in the Indian market, known for its popular Kingfisher brand.
YTD Price Performance: -6.94%
Average Trading Volume: 4,888
Current Market Cap: 530.3B INR
For an in-depth examination of UBL stock, go to TipRanks’ Stock Analysis page.