Globus Spirits Limited has agreed to forge a joint venture partnership with ANSA McAL Limited. Under this agreement, the companies will establish an equally owned joint venture in India to engage in manufacturing, sourcing, and distribution of beer.
“We believe that the company will play a pivotal role in meeting consumer demand and driving growth in the Indian beverage sector,” the company said in its stock exchange filing.
The stock of Globus Spirits rose 3.41 per cent on the NSE, trading at ₹810 as of 10.47 am. The company had recently commenced commercial production of additional capacity at two of its existing units located at District East Singhbhum, Jharkhand and atPanagarh, Dist:Burdwan, West Bengal.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.