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Pincon Spirit to invest Rs. 400 crore for expansion in next 2 years

27 Jul 2015 Evaluate

Pincon Spirit is planning to invest nearly Rs. 400 crore in the next two years for the expansion of its liquor and FMCG divisions. The FMCG division includes edible oils (mustard, soya and palm). Funds are likely to be raised through a combination of non convertible debentures (NCDs), fresh equity and deposits from shareholders and public.

Pincon Spirit is engaged in the business of Blending, Bottling and Wholesale Distribution of Indian Made Foreign Liquor (IMFL) Products viz. Rum, Whisky, Vodka, Brandy and Beer (alcoholic beverage).

Peers
Company Name CMP
United Spirits 1250.45
United Breweries 1143.85
Radico Khaitan 4170.00
India Glycols 287.45
Allied Blenders&Dist 674.30
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