The rumour-mill in India is in overdrive again, and United Spirits’ ownership of Whyte & Mackay is under the spotlight again. Reports out of the country this week have claimed that United Spirits, part of the Vijay Mallya-headed UB Group, is set to offload a stake in the Scotch whisky company. While this in itself is not actually new news, the current quandary facing the UB Group suggests that something could happen sooner rather than later.
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