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United Spirits gets nod for Scheme of Arrangement

09 Nov 2013 Evaluate

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

United Spirits Share Price

1380.50 -1.75 (-0.13%)
24-Apr-2026 09:29 View Price Chart
Peers
Company Name CMP
United Spirits 1380.50
United Breweries 1480.40
Radico Khaitan 3219.00
India Glycols 971.05
Allied Blenders 564.80
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