United Spirits Wins ₹443 Crore Legal Battle; Lemon Tree Expands, Aditya Birla Sells Leasehold Rights
United Spirits Ltd has received a significant legal victory with the Bombay High Court quashing water charge demands worth ₹443 crore. Lemon Tree Hotels Ltd has expanded its portfolio with the launch of Lemon Tree Premier, Tirupati. Meanwhile, Aditya Birla Real Estate has sold its leasehold rights in Gujarat to UltraTech Cement Limited for ₹93.01 crore.
In a major relief for United Spirits Ltd, the Bombay High Court has quashed demands for ₹443 crore in water charges. The court also directed an interim payment of ₹66.5 crore. Lemon Tree Hotels Ltd has opened its newest property, Lemon Tree Premier, Tirupati. The hotel features 111 rooms, multiple dining options, banquet spaces, a spa, fitness center, and a swimming pool. Aditya Birla Real Estate has executed a Deed of Assignment, selling its leasehold rights in land at Jhagadia Industrial Area, Gujarat, to UltraTech Cement Limited for ₹93.01 crore. As of October 2023, there is no information available about a potential takeover of Trefeddian Hotel Ltd by BLS UK Hotels Ltd on October 3, 2025. However, BLS UK Hotels Ltd has confirmed the acquisition of Trefeddian Hotel, making it a step-down subsidiary of BLS International Services Ltd. Linc Ltd has started operations of its joint venture with Mitsubishi Pencil Co., Ltd, forming Uni Linc India Print Ltd. TBO Tek Ltd has acquired Classic Vacations from The Najafi Companies for $125 million, including closing adjustments. Electronics Bazaar BLC has entered into a Facility Lease Agreement with the Free Zones Authority - Ajman for leasing facility premises. Synbiotics Ltd, a subsidiary of Ambalal Sarabhai Enterprises Ltd, has successfully cleared six consecutive USFDA inspections for GMP compliance without regulatory action. Crompton Greaves Consumer Electricals has received a Letter of Award for off-grid DC & AC Solar Photovoltaic Water Pumping Systems in Madhya Pradesh, with an order value of approximately ₹4.75 crore.
United Spirits Ltd's legal victory and Lemon Tree Hotels Ltd's expansion are expected to boost their respective businesses. Aditya Birla Real Estate's sale of leasehold rights will also have a positive impact. The acquisition of Trefeddian Hotel by BLS UK Hotels Ltd, the commencement of operations of Uni Linc India Print Ltd, and the successful USFDA inspections for Synbiotics Ltd are also notable developments. Meanwhile, automobile stocks are in focus due to strong sales figures for September.
