United Spirits Invests ₹2.69 Cr in Nuvola Spirits for 10.08% Stake

United Spirits Ltd announced its Board of Directors has approved an investment of INR 2.69 crore in Nuvola Spirits Private Limited (NSPL). This investment will result in United Spirits acquiring 17,350 Compulsory Convertible Preference Shares and 10 equity shares, representing 10.08% of NSPL's issued and paid-up share capital on a fully diluted basis. NSPL is an alcohol and non-alcohol beverage company developing, producing, marketing, and selling alcohol beverages under the brands "Mikiamo" and "Seoulmate". The acquisition aligns with United Spirits' strategy to back innovative founders and capitalize on emerging trends in the premium craft beverage segment. The transaction is expected to be completed by September 21, 2026. United Spirits also holds an option to acquire the remaining shares of NSPL upon achievement of certain pre-agreed milestones.