If it goes through, it will be amongst few such deals involving a foreign liquor company taking a majority stake in an Indian liquor company since Diageo bought a majority stake in Vijay Mallya's United Spirits in 2012.
As part of the terms being discussed, the management of the privately held company will continue to be run by its Indian promoter Paul P John, who set up the company in 1996 and is currently the chairman.
John Distilleries is the fourth largest liquor company in the country by volumes.
This story is from the May 08, 2024 edition of Business Standard.
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This story is from the May 08, 2024 edition of Business Standard.
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