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Cupid Breweries Acquires United Spirits’ Odisha Unit For Rs 22.5 Cr
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Cupid Breweries Acquires United Spirits’ Odisha Unit For Rs 22.5 Cr
Bhubaneswar: Cupid Breweries and Distilleries has reportedly signed an agreement with United Spirits, a Diageo Group company, for the purchase of an operational alco-beverage manufacturing unit in Odisha’s Gopalpur for Rs 22.50 crore. As part of the agreement, the company is set to go for the acquisition of land, building, plant and machinery, along with premium excise licenses required for production at the facility. The company has paid an adv…
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