UB is reported to have acquired an 85% stake in Triumph from financial investors for Rs600m, making the acquisition through its spirits arm, McDowell & Co. Roy will retain a 15% stake in the company but according to reports UB has a call option on Roy’s 15% stake after two years.
INDIA: UB swoops for Triumph
Indian brewing and drinks force, United Breweries, has acquired a majority stake in Triumph Distilleries and Vintners, the vehicle led by drinks executive, Deepak Roy, which recently acquired the former UDV-owned Indian-produced whisky brands.