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United Spirits gets nod to invest in Inspired Hospitality

04 Apr 2024 Evaluate

United Spirits has received approval for the investment in Inspired Hospitality (Pistola) by subscribing to 3,494 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of Pistola equivalent to 15.0% of its issued and paid-up share capital on a fully diluted basis for an aggregate consideration of Rs 5.65 crore.

With this investment, the company aims to strengthen its play in the premium craft segment with an Indian provenance which has been witnessing good traction amongst Indian consumers. The board of directors of the company at its meeting held on April 4, 2024 has inter-alia approved the same. 

United Spirits is one of the leading beverage alcohol companies in India and a subsidiary of global leader Diageo plc. It manufactures, sells and distributes an outstanding collection of iconic global and premium Indian brands.


United Spirits Share Price

1303.00 48.35 (3.85%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1303.00
United Breweries 1494.10
Radico Khaitan 3188.25
India Glycols 975.65
Allied Blenders 573.50
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