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India. UBL starts beer supply from acquired Rajasthan brewery

Liquor baron Vijay Mallya-led United Breweries (UBL) has commenced supply of beer from a brewery in Rajasthan it acquired in 2014.

In a BSE filing, United Breweries said it has commenced "supplies of beer upon commissioning of the company's brewery located at Shahjahanpur, Rajasthan".

In September 2014, UBL had acquired brewery assets of Pacific Spirits Pvt Ltd for Rs 105 crore.

The deal involved acquisitions of assets such as land, building and plant/equipment of Pacific Spirits with its brewery at Shahjahanpur in Alwar, Rajasthan.

At the time of the deal, UBL had said: "The company will be able to expand its production capacity in Rajasthan to cater to the expected further growth in the market... The company will further invest to make the brewery operational before the coming season. This acquisition will also create additional employment opportunities in the vicinity upon the brewery becoming operational."

Earlier this week, UBL promoter Mallya resigned as chairman of United Spirits. Mallya's exit from the board of United Spirits ended a long-drawn tussle between him and the majority owner, UK's Diageo, following allegations of irregularities on loans given to UB Group companies.

United Breweries sells its products under the brand name Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Blue, Kingfisher Red, Zingaro, UB Export and Kalyani Black Label Strong, among others.

29 Feb. 2016

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