The Indian spirits producer, McDowell & Company Ltd., has said that its board will meet today to decide whether to spin off its investment arm and integrate 10 other subsidiaries with its parent company.

The 10 subsidiaries in question are Phipson Distillery Ltd; United Spirits Ltd; Herbertsons Ltd.; Triumph Distillers and Vintners Pvt. Ltd; Mcdowell International Brands Ltd; Shaw Wallace Distilleries Ltd; Baramati Grape Industries Ltd; United Distillers India Ltd; Zelinka Ltd; and Asian Opportunities and Investments Ltd.