[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Wegro App [@wegro_app](/creator/twitter/wegro_app) on x 10.3K followers Created: 2025-06-19 14:18:18 UTC United Spirits Ltd. (USL) is acquiring a majority stake in Nao Spirits & Beverages (NAO), the company behind craft gin brands 'Greater Than' and 'Hapusa'. 🍸 - 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: USL will acquire approximately XXXXX% of NAO's share capital. The total consideration is approximately ₹110 crores. - 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: The acquisition will happen in two parts. ▪ Purchase of shares from existing shareholders and fresh subscription of shares. - 𝗡𝗔𝗢 𝗕𝗲𝗰𝗼𝗺𝗲𝘀 𝗮 𝗦𝘂𝗯𝘀𝗶𝗱𝗶𝗮𝗿𝘆: Upon completion, NAO will become a subsidiary of USL. - 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗥𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗲: The acquisition is aimed at strengthening USL's presence in the Indian premium craft gin segment. - 𝗡𝗔𝗢'𝘀 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀: NAO is in the business of development, marketing & sales of craft alcoholic beverage products. It's brands include 'Greater Than', 'Hapusa', and 'Pipa' (rum). - 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀: NAO's turnover for FY24 was ₹77.73 crores, with net sales of ₹34.83 crores. - 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲: The first part of the acquisition is expected to be completed by June 27, 2025. The second tranche is expected to be completed by June 30, 2026. - 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆: Praveen Someshwar, MD and CEO of Diageo India (USL), stated that the acquisition represents a pivotal step in exploring future growth opportunities in Indian craft spirits. 🎉 Anand Virmani, Co-Founder & CEO, Nao Spirits & Beverages, expressed excitement about joining Diageo India. 🤝 📊 UNITED SPIRITS LTD | 🏷️ Press Release / Media Release 🌐 Details: ⚡️AI-driven WhatsApp updates - Try FREE 👉 XXX engagements  **Related Topics** [acquisition](/topic/acquisition) [beverages](/topic/beverages) [spirits](/topic/spirits) [$unitdsprbo](/topic/$unitdsprbo) [Post Link](https://x.com/wegro_app/status/1935703693879300521)
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Wegro App @wegro_app on x 10.3K followers
Created: 2025-06-19 14:18:18 UTC
United Spirits Ltd. (USL) is acquiring a majority stake in Nao Spirits & Beverages (NAO), the company behind craft gin brands 'Greater Than' and 'Hapusa'. 🍸
📊 UNITED SPIRITS LTD | 🏷️ Press Release / Media Release
🌐 Details:
⚡️AI-driven WhatsApp updates - Try FREE 👉
XXX engagements
Related Topics acquisition beverages spirits $unitdsprbo
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