United spirits cancels Tern Distilleries’ share purchase agreement

Our Bureau Bengaluru | Updated on November 27, 2020 Published on November 27, 2020

United Spirits said it has not received any consideration from a prospective buyer for the sale of its subsidiary Tern Distilleries and hence is rescinding its share purchase agreement entered on October 14.

In a filing with the BSE, the company will continue to be its subsidiary.

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Published on November 27, 2020
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