United Spirits acquires Liquidity Inc

United Spirits Ltd has announced about the acquisition of a majority stake in Liquidity Inc, a Delaware Corporation engaged in the business of alcoholic beverages. This acquisition has been made by Zelinka Ltd, the Company's wholly owned subsidiary in Cyprus. The acquisition is for a consideration of USD 3 Million. Necessary Agreements in this regard have been entered into for the conclusion of the transaction.

Consequent to the above, Liquidity Inc has become a subsidiary of Zelinka Ltd and to that of the Company.

The Stock closed on Friday at Rs.1704.40, up by Rs.45.70 or 2.76%. The stock hit an intraday high of Rs.1737.90 and low of Rs.1661.05. The total traded quantity was 181613 compared to 2 week average of 170057.

Source : Equity Bulls

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