The Vijay Mallya-promoted United Spirits today said in a filing to the Bombay Stock Exchange that it has received approval from the High Court at Calcutta for the merger of Shaw Wallace & Co with itself.
Earlier, the company had received approval from the Karnataka and Bombay High Courts for the scheme of amalgamation of Shaw Wallace & Co and Primo distributors with the company vide their orders dated May 29, 2008 and July 18, 2008, respectively.
"With this, the company have received all the necessary court approvals", the filing added.
Shaw Wallace, after its acquisition by the UB Group, would now come under a common entity known as United Spirits Ltd, which has 140 brands under its wings out of which, there are 15 millionaire brands growing at a rapid pace.