The Indian brewing group, United Breweries, is reported to have acquired the Madras-based beer company, Empee Breweries, in a deal worth around INR1 billion.

United Breweries is yet to confirm the deal formally. ""We will make a formal announcement soon. Till then, we don't want to discuss the deal in public," a UB spokesperson said.

Based in Chennai, Empee has an estimated 12% market share in the Tamil Nadu region. The company operates two breweries, one in Chennai and one in Palakkad. Its best known beer brand is Marco Polo.