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Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 crore - The Economic Times
Cupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. The deal is valued at Rs 22.5 crore. This acquisition is a significant step in Cupid Breweries' expansion strategy. The unit has a substantial production capacity. Diageo India is divesting non-core assets as part of its strategic focus.
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