United Spirits to buy control of Indias Nao Spirits

Image for article United Spirits to buy control of Indias Nao Spirits
News Source : just-drinks.com

News Summary

  • Diageo-controlled United Spirits is acquiring a ‘majority controlling stake’ in Indian distiller Nao Spirits
  • The deal, valued at around Rs1
  • 3bn ($15
  • 2m), will see United Spirits initially own 97
  • 07% of New Delhi-based Nao spirits
  • United Spirits has 35 manufacturing facilities across the country
Diageocontrolled United Spirits is acquiring a majority controlling stake in Indian distiller Nao Spirits.The deal, valued at around Rs1.3bn ($15.2m), will see United Spirits initially own 97.07% [+2436 chars]

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