Business | Sunday November 24, 2013
Liquor baron Vijay Mallya-led UB Group has decided to infuse $2 million in Mendocino Brewing Company, a US-based loss making firm, to revive its fortunes. UB has also agreed to "favourably consider additional investment to underpin growth based on detailed business plan to be submitted in due course" by Mendocino, it said in a regulatory filing.
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