Fair trade watchdog Competition Commission of India (CCI) has approved United Spirits’ proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, as the deal does not raise adverse competition concerns.
The deal comprises hiving off all the operations at the unit of United Spirits that manufactures Indian Made Foreign Spirits (IMFS) to Enrica, by way of slump sale on a going concern basis. The unit is located at Poonamallee, Chennai.
Post-deal, Enrica would make certain IMFS brands of United Spirits using technology and know-how and under the trademark of the Vijay Mallya’s led company.
Recently, the Karnataka High Court ruled as void a part of the sale of share of United Spirits (USL), by United Breweries Holdings, to Diageo. The court overturned an order, passed in March by a single-judge Bench in the company court, allowing Vijay Mallya’s UB Holdings to sell a significant part of its stake in USL to Diageo.
| Company Name | CMP |
|---|---|
| United Spirits | 1303.00 |
| United Breweries | 1494.10 |
| Radico Khaitan | 3188.25 |
| India Glycols | 975.65 |
| Allied Blenders | 573.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: