Cupid Breweries to buy United Spirits' Odisha unit for Rs 22.5 crore as Diageo trims tail
Cupid Breweries will acquire United Spirits' Gopalpur, Odisha alcobev plant for Rs 22.5 crore, picking up land, plant and excise licenses with 2.5 lakh cases/month capacity. The deal extends Diageo India's multi-year divestment of non-core, low-margin units to sharpen focus on premium brands.
What happened
Cupid Breweries will acquire United Spirits' Gopalpur, Odisha alcobev manufacturing unit for Rs 22.5 crore, including land, plant and excise licenses with 2.5
Key facts
- Rs 22.5 crore
- 2,50,000 cases per month
- Rs 172 crore
- Rs 16,660 crore
Why this matters
Cupid Breweries gets a turnkey Odisha entry with land, plant and excise licenses bundled at Rs 22.5 cr—a template worth watching as Diageo likely has more tail assets to shed at similarly modest valuations.