Legal nod for Shaw Wallace merger with United Spirits
BS Reporter / Bangalore Jul 07, 2009, 14:56 IST
United Spirits, the flagship spirits firm of UB Group owned by billionaire Vijay Mallya, has said that it has got the required legal approval for merger of Shaw Wallace into United Spirits.
United Spirits during 2005 had acquired its direct competitor Shaw Wallace in a deal valued Rs 1,300 crore.