United Sprits gets shareholders nod for arm merger

Updated on: Apr 02, 2014

United Sprits has received shareholder approval to merge its wholly owned subsidiary Tern Distillers Pvt Ltd with itself, the company informed the exchanges on Wednesday. Tern Distillers was declared a ‘sick industrial company’ under the Sick Industrial Companies Special Provisions Act, 1985. The stock of United Sprits closed 0.97 per cent higher at ₹2,699.70 on the NSE on Wednesday.

Published on April 02, 2014

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