16.15 (1.16%) United Spirits has received an approval for the Franchise Agreement with Enrica Enterprises pursuant to which Enrica Enterprises will bottle the company’s brands and in consideration for this bottling arrangement, the company will earn royalty income. The board of directors at its meeting held on November 08, 2013 has approved for the same.
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.