United Spirits Ltd.

As a part of its restructuring exercise, United Spirits (USL) has sold French winery Bouvet Ladubay. The company has valued the sale of the premium wine brand through its subsidiary -- Asian Opportunities and Investments (AOIL) -- at Rs 8.86 crore.

In 2006, USL Chairman Vijay Mallya had bought the French winery, located in the Loire Valle, for €15 million (Rs 108.16 crore) to market high quality wines in India. USL was importing wines from Bouvet Ladubay, founded in 1851, in both bottled and bulk formats.

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.