Asgard Alcobev Completes 78.90% Stake Acquisition in CMJ Breweries for Rs. 32,938.60 Lacs Turnover

Asgard Alcobev Limited, formerly known as Banganga Paper Industries Limited, has successfully completed the acquisition of 78.90% equity share capital of CMJ Breweries Private Limited. The transaction was carried out through a share swap on 17th February 2026. CMJ Breweries Private Limited, a Meghalaya-based company, operates in the alcoholic beverages industry and is recognized as the largest brewery in Northeast India. The strategic acquisition aligns with Asgard Alcobev's long-term strategy of diversification and sustainable value creation, strengthening its position in a high-demand, scalable industry with long-term growth potential.