Shaw Wallace, UB make up

Kolkata: Chhabria-controlled Shaw Wallace yesterday announced it had settled all lawsuits with its competitor, Vijay Mallya's UB Group. Besides, both McDowell & Co and UB Holdings had sold their stakes in it, Shaw Wallace said in a release.

The UB Group spokesman said the group had no comment to offer on the issue. UB Group chairman Vijay Mallya was not available for comment. "This brings to an end a series of legal cases, some dating as far back as the 1980s," the Shaw Wallace release said.