The acquisition, worth up to ₹70 Crore, will not be considered a related party transaction. The collaboration with Oh Five Oh Talent LLP.
Radico Khaitan's total IMFL volume fell 4% in the first quarter, but the Prestige & Above category witnessed a 14.3% increase.
The company's wine tourism division had issues, with sales decreasing by 2.5% to ₹11.3 Crore, from ₹11.5 Crore the previous year.
Heniken NV stated in a press release that the organic growth of beer volume rose by 4.7%, showing improvement across all regions.
Hunter, SOM's flagship brand, is a forerunner in the strong beer category.
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