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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 1306.50
United Breweries 1526.05
Radico Khaitan 3274.90
India Glycols 977.95
Allied Blenders 578.35
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