BUZZ-Indian brewers surge after apex court clarifies notice on liquor ban

August 24, 2017

Shares of Indian liquor companies United Spirits Ltd, Globus Spirits Ltd and Tilaknagar Industries Ltd rise between 5 pct to 13 pct
India’s Supreme Court clarified on Wednesday that the liquor ban on highways did not apply to licensed establishments falling within municipal areas, the Economic Times reported.
The order to ban liquor outlets within 500 metres of national and state highways from April 1 was first issued on Dec 15, 2016
Globus Spirits rose to its highest since July 21
Shares of United Spirits gained 27.1 pct this year as of Wednesday’s close.

Source: Reuters

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