Ditched by the rich, vodka needs a new spirit
Indians buy tons of cheap vodka but gin is the runaway leader in consumption growth when it comes to premium white spirits
Source: livemint.com
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Indians buy tons of cheap vodka but gin is the runaway leader in consumption growth when it comes to premium white spirits
India-based drinks distiller Tilaknagar Industries has announced that it will acquire a 10% stake in gin maker Spaceman Spirits Lab.
The company has considered and agreed to invest in two tranches an aggregate sum of ₹9.75 crore in the securities of Spaceman Spirits Lab Private Limited through a combination of equity and compulsory convertible preference shares