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BUZZ-Indian brewers surge after apex court clarifies notice on liquor ban
August 24, 2017 / 4:24 AM / in 3 months

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

** 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. bit.ly/2xeBUr0

** 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

Reporting by Arnab Paul in Bengaluru

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