MoneyWorks4Me

USL buys 19.99% more in Sovereign Distilleries

04 Jul 2011 Evaluate

United Spirits (USL) has acquired additional 19.99% stake in Karnataka-based Sovereign Distilleries (SDL) for an undisclosed amount. In April, this year, USL had acquired 41.54% stake in SDL that produces extra neutral alcohol (ENA), a key raw material for spirits, using both molasses and grain and has a capacity to produce 180 kilo litres of alcohol per day (KLPD). crackcrack

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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