At meeting held on 11 February 2015
Empee Distilleries announced that the Board of Directors of the Company at its meeting held on 11 February 2015, have approved sale of 1,33,67,000 equity shares of Rs. 10 each (which constitutes 89.85% of share capital held in M/s. Empee Power and Infrastructure) aggregating to Rs. 13,36,70,000/- to Appollo Alchobev.Accordingly, Empee Power and Infrastructure will cease to be a subsidiary Company of Empee Distilleries.
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