"The Indian beer industry continues to grow at a rapid pace and acquiring the remaining 50 percent of the Crown Beers joint venture reaffirms Anheuser-Busch's commitment to being a key player in this emerging beer market," Anheuser-Busch International President and CEO Tom Santel said in a statement.
Terms of agreement were not disclosed.
The JV between Anheuser and Crown launched Budweiser and Armstrong brand in India.
Now, Anheuser-Busch would continue to brew and distribute Budweiser and Armstrong, he said.
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