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United Spirits Limited ( (IN:UNITDSPR) ) has issued an announcement.
United Spirits Limited has announced an update on a pending litigation involving a claim against the Official Liquidator of United Breweries (Holdings) Limited. The company has filed an appeal with the High Court of Karnataka under the Arbitration and Conciliation Act, 1996, challenging a previous judgment. The claim amounts to INR 1,337 Crore plus interest, and the company does not anticipate any financial implications from this litigation.
More about United Spirits Limited
United Spirits Limited is a prominent player in the alcoholic beverages industry, primarily engaged in the production and distribution of spirits. The company is part of the Diageo group, focusing on delivering high-quality products to the Indian market and beyond.
YTD Price Performance: -6.10%
Average Trading Volume: 12,406
Current Market Cap: 1131.5B INR
For an in-depth examination of UNITDSPR stock, go to TipRanks’ Stock Analysis page.