Shaw Wallace & Company Ltd, acquired by UB Group, would be merged operationally with the spirits business of United Spirits, chairman of the company Vijay Mallya said.
UB Group chief Vijay Mallya on Thursday confirmed that the group's bid for Shaw Wallace had turned out to be the highest of the three received and added that the ball was now in the sellers' court.
Ranibai Rajaram Chhabria, mother of late Manohar Rajaram Chhabria, has challenged the merger of Shaw Wallace with the UB Group saying she was entitled to a fifth of her deceased son's estate.
The Rs 4,000 crore (Rs 40 billion) United Spirits will be merging Shaw Wallace with itself. United Spirits, a part of the UB Group, had acquired Shaw Wallace for around Rs 1,300 crore (Rs 13 billion) in mid-2005 .
Shaw Wallace has realigned its key portfolio making Deepak Chaudhuri, joint president, Shaw Wallace, head of the entire marketing department with immediate effect.
Liquor major Shaw Wallace will soon launch two new brands, one each in the whiskey and vodka segments.
Shaw Wallace on Thursday upwardly revised the pay package of its sales executives for the second year in running, a 100 per cent hike being envisaged for top performers.
In 2005, Vijay Mallya-led United Breweries acquired Shaw Wallace & Company, following which it was merged with the group's flagship company USL last year.
Global brewing major SABMiller on Friday acquired 50 per cent stake of Shaw Wallace group in the brewing operations of their joint venture, Shaw Wallace Breweries.
Liquor major Shaw Wallace plans to enter the Rs 18,000 crore (Rs 180 billion) country liquor market this year to broaden its product portfolio and boost revenues.
Leading liquor producer Shaw Wallace Breweries has entered the bottled drinking water segment with the launch of Royal Challenge Just-Chill brand in Bangalore Saturday.
Shaw Wallace & Company Ltd, the liquor and beer manufacturer, will go in for 'settlement' of income tax claims on it, amounting to Rs 300 crore (Rs 3 billion), as per provisions of the Income Tax Act.
Jumbo Group company, Shaw Wallace & Co has requisitioned Wipro Ltd to evolve an IT roadmap aimed at incorporating cutting business applications and business intelligence tools.
Vijay Mallya-controlled UB Group's open offer for acquiring stake in liquor firm Shaw Wallace will begin on April 18, the manager to the offer said on Thursday.
The aircraft was earlier owned by EIH (Oberoi group).
Fresh trouble seems to be brewing for liquor baron Vijay Mallya, with Mumbai International Airport(MIAL) deciding to sell a mid-sized corporate jet owned by his group company.
The brand actually fell between two stools -- the beer went to SABMiller and the whiskey to Mallya. Who should promote it?
Vijay Mallya's United Breweries has held a vice-like grip over the Indian beer market with the Kingfisher, Kalyani and Sandpiper brands. With 137 million cases (12 bottles each), it has a 45 per cent market share. But now multinationals are closing in on UB.
We have to get used to oil prices at $100 a barrell.\n
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