UNITED SPIRITS LTD. - Updates
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| 14 Jul 2014 | |
| United Spirits Ltd has informed BSE that the Company has entered into an Asset Purchase Agreement ("the Agreement") with J P Impex lncorp,("Firm), a partnership firm having its principal place of business at # 219/11, J P Corp, Bellary Road, Sadashivanagar, Bangalore - 560080 and factory at Plot No. 82/3 and 82/2 in Survey No.95 in the Nandur Kesaratagi Industrial area, Nandur Hobli, Kesaba Taluko, Gulbarga District, Gulbarga, Karnataka ("Factory"), inter-alia, for purchasing from the Firm, the building, plant and machinery, licenses, transfer of lease hold rights on the land, all relating to the Factory for a total consideration of Rs. 11,50,00,000/- on the terms and conditions mentioned therein ("the Transaction").<br/><br/>The purchase of the above assets and the completion of the Transaction, inter-alia, would facilitate an increase in the Companys licensed Indian Made Foreign Liquor production capacity in the State of Karnataka, which the Company proposes to use for Tetra Pak production and availing logistical advantage.<br/><br/>The closing of the Transaction is subject to the fulfillment of certain conditions precedents by the Firm, as stated in the Agreement. | |
| View all announcements for UNITED SPIRITS LTD. | Source: BSE India |
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