United Spirits invests in craft liqueur maker Nuvola Spirits

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₹1404.50

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₹1399.90

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AI summary

United Spirits is taking a 10.08 percent stake in Nuvola Spirits Private Limited for about INR 2.69 crore in cash. Nuvola Spirits makes craft liqueur brands Mikiamo and Seoulmate with Italian and Korean flavor profiles. Sales were nil in FY24, INR 0.38 crore in FY25, and around INR 3.50 crore in FY26 (un-audited). The deal includes an option to buy the remaining shares if Nuvola hits pre-agreed milestones. Not a related party transaction. Closing targeted by 21 September 2026.

Likely market impact

Minor strategic push into premium craft beverages with option to take full control later. Small deal size limits immediate financial impact.