date:Oct 12, 2012
Credit Suisse (Singapore) Limited has sold 0.5% stake in United Spirits. The FII sold around 654540 shares for R1254.6 per share aggregating to R82.09 Cr, through bulk deal on NSE.
This sell off will bring down the FIIs stake to 1.76 % from 2.26%, as per June12 data.
Recently in June, Credit Suisse invested R62 Cr acquiring 921241 shares for R673.29 per share.
USL is under debt of R8,600 Cr. In four major steps during the past two years, the company has raised R2,500 Cr to pay back part of th