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Globus Spirits to forge JV partnership with ANSA McAL

05 Apr 2024 Evaluate

Globus Spirits is all set to forge a joint venture (JV) partnership with ANSA McAL, a diverse conglomerate with a rich Caribbean heritage. Under this agreement, Globus Spirits and ANSA McAL will establish an equally owned joint venture in India. The primary objective of this venture is to engage in the manufacturing, sourcing, and distribution of beer in India, with the initial focus placed on introducing the world-renowned Carib beer brand to the Indian market. 

The Joint Venture company aims to leverage the diverse expertise and resources of both Globus Spirits and ANSA McAL to deliver high-quality products and expand market presence within India. The joint venture signifies the commitment of both companies to strategic partnerships and its shared vision for growth and innovation. 

Globus Spirits (the Group) is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer and Franchise Bottling.


Peers
Company Name CMP
United Spirits 1387.95
United Breweries 1215.80
Radico Khaitan 4393.95
India Glycols 249.05
Allied Blenders&Dist 652.80
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