MoneyWorks4Me

Empee Distilleries acquires 89.85% stake in Empee Power and Infrastructure

20 Nov 2014 Evaluate

Empee Distilleries has invested and acquired 89.85% in equity shares capital of Empee Power and Infrastructure on October 30, 2014. Pursuant to the said acquisition, Empee Power and Infrastructure has become a subsidiary of the company.

Empee Distilleries started over two decades ago in a small way in Chennai for manufacturing Indian made foreign liquor (IMFL); it has now expanded substantially with state-of-the-art manufacturing facilities not only in Tamil Nadu but also in Kerala, Karnataka and Andhra Pradesh.

Peers
Company Name CMP
United Spirits 1348.00
United Breweries 1165.00
Radico Khaitan 4545.00
India Glycols 320.35
Allied Blenders&Dist 709.10
View more..