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United Spirits to divests its entire stake in Tern Distilleries

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For a consideration of Rs 30 crore

United Spirits has entered into a definitive agreement to sell its entire shareholding in its non-operative subsidiary - Tern Distilleries for a consideration of Rs 30 crore. The move is in line with the company's intention of monetizing its non-core assets.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, October 15 2020. 09:51 IST
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