Morgan Stanley Asia Singapore PTE has acquired over 3% stake in Radico Khaitan. Morgan Stanley has bought 1.46 million shares in the company at an average traded price of Rs 89.66 per equity share.
Radico Khaitan (RKL), established in 1943 as Rampur Distillery, is one of the India's oldest and largest liquor manufacturers. The company owns three millionaire brands namely 8 PM Whisky, Contessa Rum and Old Admiral Brandy.