{"id":28997,"date":"2022-03-12T22:05:25","date_gmt":"2022-03-12T16:35:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-diageo-nao-spirit\/"},"modified":"2022-03-12T22:12:46","modified_gmt":"2022-03-12T16:42:46","slug":"biz-diageo-nao-spirit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-diageo-nao-spirit\/","title":{"rendered":"Diageo India to acquire minority stake in gin-maker Nao Spirits for Rs 31.5 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-548643982\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 12 (PTI) Diageo-controlled\u00a0United Spirits Ltd (USL) on Saturday\u00a0said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4070578775\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Diageo India will also have a call option to acquire the remaining shares on &#8220;pre-agreed principles&#8221; in Nao Spirits &#038; Beverages Private Ltd, a joint statement said.<\/p>\n<p> Launched in 2016 by Anand Virmani, Nao Spirits is an emerging craft gin company in India, with brands &#8216;Greater Than&#8217; and &#8216;Hapusa&#8217;.<\/p>\n<p> &#8220;Nao Spirits provides Diageo India with an opportunity to strengthen its participation in the fast-growing premium gin segment in India,&#8221; it said.<\/p><div class=\"trade-content_5\" id=\"trade-2071012630\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Diageo India MD and CEO Hina Nagarajan said, &#8220;As a company built from founder-led brands, we are excited to make our first move in India to support bold and path-breaking entrepreneurs. Over the last three years, the Indian market has witnessed the emergence of multiple craft gin players and Nao Spirits has been a game changer in the category.&#8221; \t While Nao Spirits &#038; Beverages Co-Founder CEO Virmani\u00a0 said, &#8220;As we look to chart the next phase of growth of Nao Spirits, the investment from Diageo India will help scale our business, improve efficiencies, and access mentorship from an industry leader, which will be immensely valuable.\u201d \t The investment will be funded through Diageo India\u2019s internal cash resources, it added.<\/p>\n<p> Diageo India is the subsidiary of global\u00a0beverage alcohol company Diageo PLC, which owns\u00a0premium brands including Johnnie Walker, Black Dog, Black &#038; White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell\u2019s No1, Smirnoff and Captain Morgan. PTI KRH  MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-1902648197\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 12 (PTI) Diageo-controlled\u00a0United Spirits Ltd (USL) on Saturday\u00a0said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on &#8220;pre-agreed principles&#8221; in Nao Spirits &#038; Beverages Private Ltd, a joint statement said. Launched [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-28997","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Diageo India to acquire minority stake in gin-maker Nao Spirits for Rs 31.5 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-diageo-nao-spirit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diageo India to acquire minority stake in gin-maker Nao Spirits for Rs 31.5 cr\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 12 (PTI) Diageo-controlled\u00a0United Spirits Ltd (USL) on Saturday\u00a0said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on &#8220;pre-agreed principles&#8221; in Nao Spirits &#038; Beverages Private Ltd, a joint statement said. 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Diageo India will also have a call option to acquire the remaining shares on &#8220;pre-agreed principles&#8221; in Nao Spirits &#038; Beverages Private Ltd, a joint statement said. 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