Mumbai, July 02: Shaw Wallance and Company has sold
its entire 10.27 per cent stake in Vijay Mallya-promoted
United Spirits Ltd (USL) for Rs 904.95 crore, through an open
market transaction.
Shaw Wallance and Company has sold 10,282,553 shares
representing 10.27 per cent stake in the company, United
Spirits said in a disclosure on the Bombay Stock Exchange.
In 2005, United Breweries acquired Shaw Wallace &
Company, following which it was merged with the group’s
flagship company USL last year. As of March quarter, Shaw
Wallace & Company held 10.27 per cent stake and UB Holdings
had 23.84 per cent interest in USL.
United Spirits has over 150 products in its portfolio
including brands Black Dog, Signature, Royal Challenge and
Romanov.
Bureau Report
First Published: Thursday, July 02, 2009, 18:21