The Vijay Mallya-controlled UB group and Shaw Wallace Distilleries (SWC) are weighing the option of acquiring Ahmednagar-based Chitali Distillery.
The distillery, which is operated as a division of the Western Maharashtra Development Corporation(WMDC), was put on the block after the state government decided to divest its interests from non-core public sector undertakings.
Chitali Distillery was referred to the Maharashtra Board for Restructuring State Enterprises (MBRSE), which approved the sell off plans.
To work out the modalities of demerging Chitali Distillery from WMDC, the government is inviting bids from consultants on September 18.
