United Breweries to Sell Industrial Land in Hyderabad, India for INR808 Million

MT Newswires Live

01/19

Liquor manufacturer United Breweries (NSE:UBL, BOM:532478) has agreed to sell eight acres of the company's industrial land in the Nacharam Industrial area of Hyderabad, India, for 808 million Indian rupees, according to a Monday filing to the Indian stock exchanges.

The land will be sold to Topsun Solar.

The company does not have any business operations on the premises being sold, so its sale will not have any impact on its business operations.

The company's shares were down nearly 1% in recent trade.

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