India’s largest liquor company United Spirits Ltd (USL) has agreed to sell its wholly-owned subsidiary Four Seasons Wines Ltd and associated brands to Grover Zampa Vineyards Ltd, the country’s second-largest winemaker in terms of volumes. The shares will be sold to Grover Zampa and Quintela Assets Ltd, an existing investor in Grover Zampa, for Rs 31.86 crore.
USL to sell Four Seasons, associated wine brands to Grover Zampa
Date posted: Wednesday 16 January 2019