United Spirits falls after report CEO called by anti-corruption police

United Spirits

26/07/2024 05:54

** Shares of Indian alcohol maker United Spirits  UNSP.NS 
drop as much as 1.3% to 1,425 rupees, set to snap four sessions
of gains
    ** Stock among top pct losers on FMCG index  .NIFTYFMCG 
which is flat
    ** Reuters reported on Thursday that CEO Hina Nagarajan has
been summoned by New Delhi anti-corruption police in liquor
payments case
    ** Co in process of "providing the information sought" and
"sending in an authorised representative," a spokesperson said
    ** Benchmark Nifty 50  .NSEI  up 0.7%  .BO 
    ** Day's fall trims UNSP's YTD gains to ~28%; FMCG index is
up 9.2% and Nifty 50 is up 13.2%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))