Cupid Breweries and Distilleries has entered into an agreement for sale and transfer with United Spirits, a Diageo Group company, on June 05, 2026. The agreement has been executed for the proposed purchase of land, building, plant & machinery along with premium excise licenses pertaining to the production unit situated at Gopalpur, Odisha, for a total consideration of Rs 22.50 crore, exclusive of applicable taxes, registration charges and stamp duty. As per the terms of the agreement, the company has paid an advance of Rs 1.00 crore (inclusive of applicable TDS).
The proposed transaction represents a significant step in the company's growth and expansion strategy and envisages the acquisition of a large alco-beverage production unit having an installed production capacity of around 2,50,000 cases per month. Upon completion of the transaction, the company expects to significantly strengthen its manufacturing capabilities and establish a robust platform for future growth.
Earlier, the board of directors of the company, at its meeting held on May 18, 2026, inter-alia, had discussed, considered and approved the same.
Cupid Breweries and Distilleries (Formerly known as Cupid Trades and Finance) is a trading company that offers securities brokerage and commission services.
