Business Update10 May 2024, 12:36 am
United Spirits Completes INR 5.65 Crore Investment in Inspired Hospitality
AI Summary
United Spirits Ltd. has completed its investment in Inspired Hospitality Private Limited (Pistola) for approximately INR 5.65 crore. The investment included the allotment of 3,494 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares by Pistola to United Spirits.
Key Highlights
- United Spirits completes INR 5.65 crore investment in Inspired Hospitality
- Investment includes the allotment of 3,494 CCPS and 10 equity shares
- Transaction is now complete