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United Spirits Limited ( (IN:UNITDSPR) ) has provided an update.
United Spirits Limited has announced a significant legal development concerning a dispute with the Water Resources Department of Maharashtra. The Bombay High Court has set aside water charge demands amounting to Rs. 443 crores and directed the department to reassess and issue reconciled water charge bills. The company is required to make an interim deposit of INR 66.50 crore while it evaluates its next steps, indicating a potential financial impact and operational adjustments.
More about United Spirits Limited
United Spirits Limited operates in the alcoholic beverages industry, primarily focusing on the production and distribution of spirits. It is a part of Diageo India and is headquartered in Bengaluru, India.
Average Trading Volume: 30,312
Technical Sentiment Signal: Hold
Current Market Cap: 952.2B INR
For a thorough assessment of UNITDSPR stock, go to TipRanks’ Stock Analysis page.