USL buys 19.99% more in Sovereign Distilleries

United Spirits (USL) has acquired additional 19.99% stake in Karnataka-based Sovereign Distilleries (SDL) for an undisclosed amount. In April, this year, USL had acquired 41.54% stake in SDL that produces extra neutral alcohol (ENA), a key raw material for spirits, using both molasses and grain and has a capacity to produce 180 kilo litres of alcohol per day (KLPD). crackcrack