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Outcome of board meeting of United Spirits

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Capital Market

Held on 09 May 2014

United Spirits announced that the Board of Directors of the Company at the meeting held on 09 May 2014, has proposed to initiate the process to explore a potential sale of Whyte & Mackay to Emperador UK, a subsidiary of Emperador Inc., the leading Philippines based integrated manufacturer and distributor of brandy as well as other alcoholic beverages, for an enterprise value of GBP 420 million.

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First Published: May 09 2014 | 4:55 PM IST

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