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United Spirits

BSE: 532432|NSE: MCDOWELL-N|ISIN: INE854D01024|SECTOR: Breweries & Distilleries
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Company History - United Spirits
1999
 -United Spirits (UNITDSPR) is the spirits division of the UB Group.
 It was originally incorporated as McDowell & Co. in 1999. On the
 amalgamation of eight spirit companies into the company including
 Herbertsons, Triumph Distillers & Vintnersgot, and Shaw Wallace, the
 company got its current name in 2005. 
 
 2002
 -McDowell Alcobev becomes the wholly owned subsidiary of the
 company.
 
 -UB group gives a new look to No.1 McDowell's, itsflagship in the
 prestige segment of the whisky market.
 
 -Mr B M Labroo inducted as the member on the audit committee of the
 Directors of the company.
 
 -Forges alliances with US, Australia and French Cos. for bulk wine
 import.
 
 -Company pulled out from buying out the Gilbey brands and
 manufacturing operations in India.
 
 -High court refuses to grant interim relief to the company in the
 court battle with Shaw Wallace & Co.
 
 -Phipson Distilley becomes a wholly owned subsidiary of McDowell &
 Co.
 
 -Acquires 85% equity stake of Truimph Distilleries & Vinters Pvt
 Ltd.
 
 -Truimph Distilleries and Vinters becomes a subsidiary of McDowell.
 
 -In the wake of acquisition of Gibley's Green Lable Whisky , company
 decided to refrain from any more acquisitions.
 
 2003
 -Rolls out its new Whisky brand, 'Derby Special Whisky' in Andhra
 Pradesh Market.
 
 -Forges alliance with Newzealand Co called Independent Liquor to
 pursue an agressive growth strategy in the ready-to-drink segment.
 
 -Increases its exposure in Indian as well as in Hollywood films.
 
 -No 1 Celebration rum crosses sales over 3 million during the year.
 
 -Fire broke in the Finished goods godown at Rosa Distillery.
 
 -McDowell Alcobev makes open offer to acquire 25% stake in Intertia
 Industries.
 
 -McDowell and Company soars 9.18% to Rs.49.35 on offer for
 Herbertsons.
 
 -McDowell  & Phipson makes counter offer to buy out 45.2 % equity in
 Herbertsons Ltd., priced at Rs.200 a share.
 
 -Mohun Bagan Athletic Club entangled into a fresh tiff with its
 sponsor McDowell.
 
 -McDowell unleash new Vodka
 
 2004
 -McDowell & Company Ltd has informed that Mr Adi Burjor Godrej has
 resigned from the BoD of the Company.
 - McDowell & Co launches Old Cask Rum, in the Karnataka market.
 -McDowell unveils `Signature` in TN market
 
 2006
 -United Spirits is likely to declare the acquisition of Whyte &
 Mackay by January 2007. The deal likely to be valued at 400 million
 pounds (around Rs 3500 crore). When this deal culminates, it will be
 one of the major acquisitions which Vijay Mallya will have mounted
 after his recent Rs 1,300 crore deal to take over arch-rival Shaw
 Wallace. The company currently has a net debt of Rs 1,300 crore. The
 company will definitely leverage its balance sheet to part-fund this
 acquisition.
 
 -Company has changed its name from McDowell & Co. Ltd. to United
 Spirits Ltd.                                                        
                                                        
 2007
 - United Spirits Ltd has appointed Mr. Sudhindar Krishan Khanna as an
 Additional Director of the Company with effect from June 01, 2007
 
 2008
 -The company has introduced rum and whiskey in 90 and 60 ml PET
 High-end whiskies single-use packs, in Karnataka and Maharashtra
 respectively, on a test basis last week, reports Economic Times. 
 
 -The company has said on Dec. 01, 2008 that its board had approved
 the merger of Balaji Distilleries, into USL in an all stock deal. The
 merger will be effective from Apr. 01, 2009. 
 
 -Registered Office of the Company has been shifted From 51, Richmond
 Road, Bangalore- 560 025 To 'UB Tower', Level 6, UB City, # 24,
 Vittal Mallya Road; Bangalore- 560 001
 
 2009
 
 -United Spirits Ltd sells 90 million cases in 2008-2009; Narrows the
 gap to the No 1 position in the global spirits market.
 
 - United Spirits - Acquisition Tern Distilleries Pvt. Ltd.
 
 2010
 - United Spirits Clocks Sales Volume of 100 Million Cases to Become
 the World's 2nd Largest Spirits Company
 
 - United Spirits Ltd enters into Share Purchase Agreement with
 Pioneer Distilleries Ltd
 
 - Merger of Balaji Distilleries Ltd into United Spirits Ltd
 Approved.
 
 2011
 
 - Company has acquired 977,212 Equity Shares of 10/- each of Pioneer
 Distilleries Ltd (PDL), representing 7.3% of the paid up capital of
 PDL.
 
 - United Spirits Ltd had acquisition of 41.54 % Equity stake in
 Sovereign Distilleries Ltd
 
 2012
 
 - United Spirits acquires 100% ownership in Sovereign Distilleries
 Ltd.
 
 - United Spirits confirms stake sale talks with Diageo plc
 
 2013
 -Sebi may ask Diageo to modify agreement with UB Group
 -United Spirits Ltd Board recommends Dividend
 
 2014
 -United Spirits Ltd Diageo completes Tender Offer for 26% of United
 Spirits Ltd
 
 2015
 -United Spirits Ltd has sanctioned the Scheme of Arrangement (Scheme)
 between United Spirits Limited (the Company) and Enrica Enterprises
 Private Limited (Enrica)
 
 2016
 -United Spirits dedicated Project S.H.E. to its communities in Alwar
 
 2017
 - Diageo celebrates 20 year anniversary 

 - Diageo India collaborates with Institute of Road Traffic  Education
 for a two days Road Safety Programme in Mohali
Source : Dion Global Solutions Limited
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