Acquisitions6 Jun 2026, 11:00 am
Cupid Breweries Buys Odisha Unit from United Spirits for ₹22.5 Cr
AI Summary
Cupid Breweries And Distilleries Ltd has executed an Agreement for Sale and Transfer with United Spirits Limited (a Diageo Group company) for the purchase of an operational alcobev unit in Gopalpur, Odisha. The deal, valued at ₹22.50 Crores (exclusive of taxes and charges), includes land, building, plant & machinery, and premium excise licenses. Cupid Breweries has paid an advance of ₹1.00 Crore. This acquisition is a strategic move to expand its manufacturing capabilities, acquiring a unit with a capacity of approximately 2,50,000 cases per month, strengthening its position for future growth.
Key Highlights
- Cupid Breweries to acquire operational alcobev unit from United Spirits.
- Transaction value set at ₹22.50 Crores, with ₹1 Crore advance paid.
- Acquisition includes land, plant, machinery, and licenses.
- Deal enhances manufacturing capacity by 2,50,000 cases/month.
- Strategic move to bolster growth and expansion plans.
Price Impact
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