Mallya,Chhabria end fight with consent filing

For Mallya,this is one impediment out of the way before he possibly consummates the deal with Diageo. Meanwhile,Chhabria’s Allied Blenders & Distillers will finally get undisputed ownership of Officers Choice,its largest selling whiskey,a product which Mallya had laid claim to. ABD said that now it could concentrate on brand building and raise fresh capital.

Late last year,Mallya had moved the Calcutta HC seeking to restrain ABD from raising capital until the ownership dispute was settled. The United Spirits scrip closed at Rs 1,260.70,up by 6.67 per cent on the BSE on Tuesday. FE