United Spirits completes slump sale of 32 brands under Popular segment to Inbrew

5 Oct 2022 , 01:34 AM

United Spirits has i completed the slump sale of the entire business undertaking associated with 32 brands in the Popular segment to Inbrew Beverages Inbrew; and ii given effect to the franchise of 11 other brands in the Popular segment in favour of Inbrew for a period of five years with an option for Inbrew subject to certain conditions a to convert the fixed term franchise arrangement into a franchise arrangement with perpetual rights to use; and or b to acquire such brands