United Spirits’ Board of Directors at its meeting held on November 08, 2013, has approved an arrangement to be entered into by the Company with Enrica Enterprises for transfer of business pertaining to the Company's distillery at Poonamallee to Enrica Enterprises through a Scheme of Arrangement as well as franchising of its brands in Tamil Nadu.
The Board of Directors have also approved the relevant documents including the Scheme between United Spirits and Enrica Enterprises and their respective Shareholders which envisages transfer of business pertaining to Poonamallee distillery along with related assets and liabilities to Enrica Enterprises under the provisions of Section 391 to 394 of the Companies Act, 1956
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
