Cupid Breweries Secures Agreement to Acquire Alco-Beverage Production Unit in Odisha
Cupid Breweries and Distilleries Limited has entered into an agreement for the sale and transfer of a significant alco-beverage production unit located at Gopalpur, Odisha. The deal was executed on June 05, 2026, with United Spirits Limited, a company belonging to the Diageo Group.The acquisition covers the land, building, plant, machinery, and premium excise licenses associated with the production facility in Gopalpur, Odisha.
Key Transaction Details:
The total consideration for the assets is Rs. 22.50 Crores, exclusive of applicable taxes, registration charges, and stamp duty. In line with the terms outlined in the Agreement, Cupid Breweries has paid an advance payment of Rs. 1.00 Crore, which includes applicable TDS.
The transaction represents a substantial step toward the growth and expansion strategy of Cupid Breweries and Distilleries Limited. The acquired unit possesses an installed production capacity estimated at approximately 2,50,000 cases per month.
Upon successful completion of this acquisition, the company expects to significantly bolster its manufacturing capabilities. The purchase establishes a robust platform intended to support future growth in the alco-beverage sector for the company.
Stock Price Movement
Cupid Breweries And Distilleries Ltd settled at ₹25.38 on Friday's close, ticking up 4.96% in the market. Throughout the session, shares traded completely flat, as the high and low were both locked at ₹25.38.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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