United Spirits Invests ₹2.69 Crore in Nuvola Spirits, Acquiring 10.08% Stake
United Spirits will invest ₹2.69 crore to acquire a 10.08% stake in Nuvola Spirits Private Limited (NSPL). NSPL develops and sells craft liqueur brands like "Mikiamo" and "Seoulmate." This strategic investment supports United Spirits' focus on the premium craft beverage segment. The acquisition is expected to be completed by September 21, 2026.
The investment amount is relatively small compared to United Spirits' overall size, but it represents a strategic move into a growing segment of the beverage market, potentially leading to future growth.
The investment in a promising craft beverage company aligns with the company's growth strategy and indicates positive future prospects in a niche market segment.
United Spirits Limited announced its Board of Directors has approved an investment in Nuvola Spirits Private Limited (NSPL) through the subscription of 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares. This investment amounts to an aggregate consideration of ₹2.69 crore, representing a 10.08% stake in NSPL on a fully diluted basis.
NSPL, incorporated on August 2, 2023, is engaged in developing, producing, marketing, and selling alcohol beverages under the brand names "Mikiamo" and "Seoulmate." These brands include Italian and Korean-inspired products such as Soju, Limoncello, Meloncello, and Amara Rosso. For the financial year ended March 31, 2025, NSPL reported a turnover of ₹0.38 crore and a net worth of negative ₹0.15 crore. The company projects a turnover of ₹3.50 crore for FY 25-26 (un-audited).
This investment aligns with United Spirits' strategy to support innovative founders and capitalize on emerging trends in the premium craft beverage segment. The company has the option to acquire the remaining shares held by other shareholders upon NSPL achieving certain pre-agreed milestones. The Share Subscription and Shareholder Agreement (SSHA) was entered into on July 22, 2026, between United Spirits, NSPL, and its promoters, Raghav Sachdeva and Aakriti Sachdeva. United Spirits will have the right to appoint one director and an observer to NSPL's Board. The transaction is not considered a related party transaction, and promoters of United Spirits have no interest in NSPL. The acquisition is expected to be completed on or before September 21, 2026.
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