United Spirits (USL), the spirits arm of Vijay Mallya-owned United Breweries, said it has acquired Tern Distilleries, an unlisted distillery in South India for Rs 13.42 crore.
UB’s Four Seasons Wines to go global in three months
USL also aims to raise about $250-300 million via QIP or private equity
Diageo is looking to expand its presence in India.
Molasses still remain lower than barley and maize
Move part of United Spirits’ plan to raise funds
Liquor baron Vijay Mallya-promoted United Breweries is in final stages of negoti
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