Asgard Alcobev Acquires 78.9% Stake In CMJ Breweries
Asgard Alcobev buys 78.9 per cent of CMJ Breweries, making north-east India’s largest contract brewery its subsidiary.
Food & Beverage.
Companies
Banganga Paper To Rebrand As Asgard Alcobev After CMJ Buyout
- by BW Retail World Bureau
- January 19, 2026
Banganga Paper Industries to become Asgard Alcobev after acquiring 78.90 per cent stake in CMJ Breweries, signalling a beverages push.
Food & Beverage.
Alcobev Industry Bodies Urge Telangana Govt To Clear Rs 3,900 Cr Dues
- by BW Retail World Bureau
- January 15, 2026
Industry bodies warn payment delays risk investor confidence, supply disruption and revenue stability as the state prepares for WEF 2026 Leading alcoholic beverage (alcobev) industry associations have flagged mounting concerns over delayed payments by the Telangana Government, warning that outstanding dues of over Rs 3,900 crore threaten investor confidence, supply continuity and the State’s […]
Food & Beverage.
IndoBevs Signs Strategic Alcobev Pact With Russia’s Abrau-Durso
- by BW Retail World Bureau
- December 8, 2025
The MoU signed at the India–Russia Summit positions IndoBevs as the only alcobev player securing a bilateral partnership at this year’s forum IndoBevs has announced the signing of a Memorandum of Understanding (MoU) with Abrau-Durso, Russia’s leading alcoholic beverage producer, during the India–Russia Business Forum held alongside the 23rd Annual India–Russia Summit. With this […]
Brands
Companies
Consumer
Economy
Food & Beverage.
Premiumisation Driving Tilt Towards Luxury Drinking Experiences, Says DeVANS’ Prem Dewan
- by kishan
- April 25, 2025
There is a steep inclination towards luxury drinking experiences, which has a direct correlation with premiumisation of alcoholic beverages, says Prem Dewan
Brands
Companies
Finance
News
United Spirits Acquires 15% Stake In Agave Spirits Brand Pistola For Rs 5.65 Cr
- by BW Retail World Bureau
- April 5, 2024
United Spirits has announced the acquisition of a 15 per cent stake in Inspired Hospitality, the parent company of alcohol beverage brand, Pistola, for Rs 5.65 crore, as stated in a BSE filing on Thursday. “The Company will subscribe to 3,494 (three thousand four hundred ninety-four) Compulsory Convertible Preference Shares (CCPS) and 10 (ten) equity […]
National
News
Indian Alcohol Producers Seek Better Market Access In European Union
- by BW Retail World Bureau
- December 18, 2023
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has sought better market access for Indian products in the European Union. The apex body of Indian alcoholic beverage manufacturers has demanded that the EU remove the non-tariff barriers that prevent the vast majority of Indian products from being sold in the EU. The confederation’s members include […]