United Spirits Ltd has sold a prime residential property in Mumbai’s upscale Malabar Hill for Rs 1.72 billion, as per a regulatory filing by the company.

The property, which includes furniture, fixtures, and fittings, consists of a ground floor and two upper floors. The sale was approved by the company’s Board of Directors, and the buyers—Ajaykumar Dineshkumar Vaghani and Manisha Ajay Vaghani—have no ties to the company’s promoters or group entities.

United Spirits, a Diageo subsidiary headquartered in Bengaluru, has been divesting its non-core assets, many of which were previously owned by former chairman Vijay Mallya, who stepped down in 2015.