Vijay Mallya-controlled Shaw Wallace and Company Ltd said its two subsidiaries have decided to merge.
Mumbai: Vijay Mallya-controlled Shaw Wallace and Company Ltd on Wednesday said its two subsidiaries; Shaw Wallace Financial Services Ltd (SWFSL) and Shaw Wallace Breweries Ltd (SWBL) have decided to merge.
In a filing on the Bombay Stock Exchange the liquor and beverages manufacturer said it is seeking approval for the Scheme of Amalgamation (merger of SWFSL with SWBL) from relevant High Courts.
Shares of the company, a UB group firm, were trading at Rs 139, up 0.65 per cent at the BSE on Wednesday.
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