MoneyWorks4Me

SDL becomes wholly owned subsidiary of United Spirits

20 Apr 2012 Evaluate

United Spirits has acquired the remaining equity shares in Sovereign Distilleries (SDL) pursuant to which SDL has become a wholly owned subsidiary of the company.

SDL is an unlisted public company, engaged in the manufacture and sale of Extra Neutral Alcohol and Indian Made Foreign Liquor (IMFL).

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 1250.45
United Breweries 1143.85
Radico Khaitan 4170.00
India Glycols 287.45
Allied Blenders&Dist 674.30
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