United Spirits Ltd.

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.