United Spirits Limited (USL), a subsidiary of British alcohol major Diageo, has been strategically reviewing it’s Popular brand portfolio since February 2021. The review is a part of it’s strategy to increase profit by focusing on the premium brands. It has now announced the following deal with Inbrew Beverages Private Limited (“Inbrew”)- Sale of 32 … Read more
With India and the UK concluding the third round of negotiations for a free trade agreement on Friday, Britain’s whisky industry is looking to get a bigger slice of the Indian market. In an interview with Mint, Scotch Whisky association chief executive Mark Kent said according to its estimates, UK’s share in the Indian whisky … Read more
United Spirits Limited (USL) is investing into Nao Spirits & Beverages Limited. Key points to note – USL is investing Rs 31.50 crore for a 22.5% stake on fully diluted basis Rs 20 crore primary for 14.29% stake: fresh CCPS + equity shares Rs 11.50 crore secondary for 8.21% stake – acquisition of equity shares … Read more