United Spirits the third-largest distiller in the world with sales of over 66 million cases powered by 15 millionaire brands 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 in mid-2005 .
UB acquired Whyte & Mackay for around $1.2 billion, would stay on as a subsidiary.
“Whyte & Mackay, Bouvet Ladubay and Liquidity have been acquired in the spirits business, while we acquired 46 per cent in Deccan Aviation. We need to consolidate these acquisitions and will thrust forward,” said UB Group Chairman Vijay Mallya.