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McDowell equity shareholders, creditors approve amendments

Our Bureau

Bangalore , Feb. 10

MCDOWELL & Company Ltd has informed the Bombay Stock Exchange that the equity shareholders, secured and unsecured creditors of the company at their separate court convened meetings held on February 6, have approved the amendments and the amended composite scheme of arrangement between Phipson Distillery Ltd, United Spirits Ltd, Herbertsons Ltd, Triumph Distilleries & Vintners Pvt Ltd, Baramati Grape Industries Ltd, United Distillers India Ltd, McDowell International Brands Ltd, Shaw Wallace Distilleries Ltd, McDowell India Spirits Ltd and the company, with requisite majority.

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