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United Spirits (USL) has acquired 73,22,280 equity shares from the promoters of Pioneer Distilleries (PDL) on May 24, 2011 and has completed the acquisition of PDL pursuant to the share purchase agreement. Consequent to the above, PDL has become a Subsidiary of USL.
Further, USL has also informed that it had earlier acquired 9,77,212 equity shares from the open market and 26,77,640 equity shares under the open offer and the company had made the necessary disclosures. With the help of the said acquisition, USL’s in-house capacity of primary spirit distillation will go up to 22.5% of its requirement and provide further supply side security.
Earlier, United Spirits, the largest spirits company in India and a flagship entity of $2 billion UB Group, had received its board approval to enter into share purchase pact with the existing promoters of Pioneer Distilleries (PDL) for acquisition of 73,22,280 equity shares in PDL, representing 54.69% stake at a price of Rs 101 per equity share. Further, the company has also stated that it will make an open offer for acquisition of additional 26,77,640 equity shares, representing 20% stake in PDL.
United Spirits (USL) 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. PDL has 160 Kilo litres per day (KLPD) spirit facility situated on 188 acres of land, about 45 kms from Nanded in Maharashtra. This comprises an active 100 KLPD plant using Molasses as feedstock and a 60 KLPD plant under commissioning which uses Grain as input.
| Company Name | CMP |
|---|---|
| United Spirits | 1182.75 |
| United Breweries | 1924.45 |
| Radico Khaitan | 1732.35 |
| Globus Spirits | 769.70 |
| Tilaknagar Inds | 233.90 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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