Shaw Wallace Eyeing New Distilleries

Kolkata, September 16: | Updated: Sep 17 2003, 05:30am hrs
In an attempt to increase its presence in the Indian market, Shaw Wallace & Co. Ltd, is considering taking over new distilleries, according to the companys alternate director to the chairperson, Mr RA Shah.

We are seriously considering to take over new distilleries in the near future, Mr Shah said.

He was addressing the shareholders at the 57th annual general meeting of the company here Tuesday. He said that the international management consultants, McKinsey & Co, is assisting SWC management in the acquisition of new units. However, neither Mr Shah nor the other directors present at the AGM agreed to divulge the details.