United Spirits sells this amount of luxury residential property in Malabar Hills, Mumbai
United Spirits Co., Ltd. has announced the sale of residential properties of value ₹Mumbai’s Malabar Mountain is 1.72 million.
The company informed the board of directors in a March 30 exchange filing that it had approved the sale of residential properties in Mount Malabar. The property has three floors and sells furniture, fixtures and accessories.
“This is to inform that today the company’s board of directors has approved the sale of residential properties, as well as furniture, fixtures and accessories on the ground, as well as the two upper floors located in Malabar Hill (“Above Place”) belonging to United Spirit Limited (“Company”),” United Spirit said in the exchange application.
Who is the buyer?
Ajaykumar Dineshkumar Vaghani and Manisha Ajay Vaghani purchased the property. The buyer has no connection with the company’s promoter, the group of promoters or group companies.
United Spirit is a subsidiary of the Bangalore headquarters empire. The company is liquidating non-core assets owned by business tycoon Vijay Mallya, who resigned as chairman of United Spirit in 20215.
Temporary dividend announcement
On March 27, the board of directors approved the payment of temporary dividends ₹4 face value per fair share ₹2 for25. United Spirit also revised the record date for determining shareholder qualifications to be announced on Thursday, April 3 from April 2 (April 2).
“At the IE meeting held on Thursday, March 27, 2025, the Company approved the approval of the temporary dividend of 4 shares per share for the fiscal year ended March 31, 2025 (face value 2/-each). To determine the record date for shareholders, to determine that shareholders have been defined as April 21, and before March 21, the shares were all March 20. In April 2025, the Company stated in another exchange document.
