Epic Research Update : United Spirits

United Spirits (USL), which is majority-owned by global drinks behemoth Diageo, is reportedly planning to exit direct operations (sales, marketing, and manufacturing) from key markets of Kerala, Andhra Pradesh and Uttar Pradesh. This move follows the company’s exit from Tamil Nadu late last year, indicates its new owner’s (Diageo) concerns about not violating the anti-graft laws in the US and UK.

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Posted in: Indian Market Tips