Addressing shareholders at the annual general meeting of Shaw Wallace, Mallya said that although the identity would be retained, the company would be merged operationally to get the desired results.
Mallya said that substantial money had been paid for acquiring 75 per cent stakeholding in Shaw Wallace, which was earlier controlled by late M R Chhabria's Jumbo group.
He said that the two companies could not be allowed to function separately because no synergistics benefits would accrue.
Mallya said that Shaw Wallace had been acquired to create a world-class company, which was only possible with a certain size.
Responding to shareholders' demand, Mallya said that the company would consider declaring a dividend next year after a long gap of eight years when it was under Jumbo's control.
UB group took ownership and management control of Shaw Wallace in June 2005. Mallya also said that he would reconsider shifting of registered office from Kolkata to Bangalore, where he is based.
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