Cupid Breweries to buy United Spirits' Odisha unit for Rs 22.5 crore
Diageo-owned United Spirits is divesting its Gopalpur, Odisha manufacturing unit to Cupid Breweries for Rs 22.5 crore. The deal includes land, plant and excise licenses with 2.5 lakh cases per month capacity, continuing Diageo India's strategy of shedding non-core assets.
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 instant Odisha capacity (2.5 lakh cases/month) plus excise licenses for Rs 22.5 cr — a cheap entry play worth benchmarking against greenfield costs in eastern India.