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Another Takeover – Indian company acquires a Glasgow-based Scotch giant !

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The Indian companies are doing M&As (Mergers and Acquisitions) at breathtaking pace !
This time it is the Charismatic socialite and businessman Vijay Mallya.

The UB Group chairman is set to unveil the acquisition of Glasgow-based Scotch giant Whyte & Mackay on Wednesday with the final payout to existing shareholders pegged at around £615 million (more than $1.2 Billion).

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The UB boss is expected to host a dinner party at Glasgow late on Tuesday night after unveiling the deal, which marks his entry into the power corridors of the Scotch whisky industry.
Three cheers to Vijay Mallya literally !

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