Scotch whisky company Whyte & Mackay has been sold for £595m to UB Group.

UB Group makes Kingfisher beer and is owned by Indian tycoon Vijay Mallya. Reports suggest Mallya could now consider listing the company on the London markets.

“Until today the only missing link in our portfolio has been scotch and due to the shortages and rapidly increasing prices of scotch, we need a reliable supply source to secure our future,” Mallya said.