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United Spirits to raise $300 mn to repay debt

The country largest liquor manufacturer, United Spirits Limited (USL) today said it will raise $300 million through various channels to repay part of its debt. "We have repaid $300 million of debt and another $250-$300 million dollar of debt will be repaid by the end of this fiscal," United Breweries Group President & CFO Ravi Nedungadi told reporters on the sidelines of an Assocham event.


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