Following listing, beer maker Kati Patang plans to acquire and incubate small alcohol businesses to expand
Live MintKati Patang Lifestyle, a maker of craft beer that recently listed on the exchanges through a share swap, plans to scale up operations and become an incubator by adding small alcohol businesses to its portfolio. In the process of listing our business at the stock exchange, we also cleaned up the balance sheet by swapping debt with equity and raised an additional ₹10 crore from existing investors to drive near-term growth," said Upadhyay, who is also the CEO of Kati Patang Lifestyle. Kati Patang Lifestyle’s wholly owned unit Empyrean Spirits Pvt Ltd, through its UK subsidiary Kati Patang, acquired a 23% stake in Chadkp Holdings Ltd for ￡300,000 to expand its business in the UK market. Balance needed According to Vinod Giri, director-general of the Brewers Association of India, companies such as Kati Patang bring experimentation and innovation to the category and refresh the beer consumption environment.
Discover Related
)
)
)
)
