India, April 1 -- United Spirits, an alcoholic beverages company, has said that it has sold a residential property in Mumbai's Malabar Hill area for Rs.172 crore.

The company said in a regulatory filing that the company's Board of Directors has approved the sale of a residential property in Malabar Hill, Mumbai, for Rs.172 crore. The property includes furniture, fixtures, and fittings and comprises a ground floor along with two upper floors.

"This is to inform that the Board of Directors of the Company today have approved sale of a residential property along with the furniture, fixtures and fittings consisting of ground plus 2 upper floors situated at Malabar Hill ("the said Premises") belonging to United Sprits Limited ("Company")," th...