United Spirits sells treasury stock in two block deals to raise Rs11 billion
Shares of United Spirits Ltd (USL) slipped by 4.18% to Rs879 in early noon trades Tuesday after nearly 12.4 million shares representing about 12.4% equity changed hands in two transactions on the exchanges. United Spirits raised nearly Rs11 billion selling treasury stock, the deal was done with an aim to de-leverage its balance sheet.

Earlier, the company, in a filing to the Bombay...

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