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United Spirits to sell entire stake in Whyte & Mackay

12 May 2014 Evaluate

United Spirits (USL) is all set to sell entire stake in Whyte & Mackay Group, a manufacturer of whisky, to the Philippines-based brandy manufacturer Emperador Inc for around Rs 4,345 crore.

The board of USL has already given nod to sell the entire issued share capital of Whyte & Mackay Group to Emperador UK, a subsidiary of Emperador, a unit of Alliance Global, the world’s largest maker of brandy.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.

Peers
Company Name CMP
United Spirits 1370.05
United Breweries 1182.85
Radico Khaitan 4280.00
India Glycols 303.20
Allied Blenders&Dist 696.50
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