Cupid Breweries to buy United Spirits' Odisha unit for Rs 22.5 crore as Diageo trims tail
Cupid Breweries will acquire United Spirits' Gopalpur, Odisha alcobev plant for Rs 22.5 crore, picking up land, plant and excise licenses with 2.5 lakh cases/month capacity. The deal extends Diageo India's multi-year divestment of non-core, low-margin units to sharpen focus on premium brands.
Cupid Breweries will acquire United Spirits' Gopalpur, Odisha alcobev manufacturing unit for Rs 22.5 crore, including land, plant and excise licenses with 2.5 lakh cases/month capacity, as Diageo India continues divesting non-core assets.