Page 2 - Diageo

Diageo India to buy minority stake in gin-maker Nao Spirits for Rs 31.5 cr

Diageo-controlled United Spirits Ltd (USL) on Saturday said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on "pre-agreed principles" in Nao Spirits & Beverages Private Ltd, a joint statement said. Launched in 2016 by Anand Virmani, Nao Spirits is an emerging craft gin company in India, with brands 'Greater Than' and 'Hapusa'. "Nao Spirits provides Diageo India with an opportunity to strengthen its participation in the fast-growing premium gin segment in India," it said. Diageo India MD and CEO Hina Nagarajan said, "As a company built from founder-led brands, we are excited to make our first move in India to support bold and path-breaking entrepreneurs. Over the last three years, the Indian market has witnessed the emergence of multiple craft gin players and Nao Spirits has been a game changer in the category." While Nao Spirits & Beverages Co-Founder CEO Virmani said,

Diageo India announces equal parental leave for all employees

Diageo India on Monday said it is providing its employees a 26-week parental leave, comprising all benefits and bonuses, irrespective of gender or sexual orientation under its family leave policy.

Diageo incurred 2-mn-pound loss on sale of India wine business in FY20

Talking about consumption preferences, Diageo said consumers who drink alcohol are increasingly choosing spirits over beer and wine

Flipkart eyes alcohol delivery market with Diageo-backed startup: Report

West Bengal and Odisha governments have said that Flipkart can be associated as a technology service provider of Diageo -backed HipBar, an Indian alcohol home delivery mobile app

Diageo full-year sales plunge as demand in bars, restaurants dries up

On Tuesday, the company reported an 8.4% drop in organic sales for the year ended June 30

Delisting spree: Investors in India betting on which companies will be next

In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks

Covid-19 impact: Diageo India launches programme to help recover bars, pubs

Their top priorities included hygiene measures, digital support and practical equipment and training to transform how their outlets will work when they reopen

Battling gender bias: Diageo, MG Motor rework ad norms to break stereotypes

At MG Motor, the company is working with select panchayat committees to encourage more women graduates to join the auto industry and to ensure a better diversity mix at its showrooms

Maharashtra excise slaps notice on Diageo; demands Rs 530 mn as penalty

The notice stated that upon examining the company's records, it was found that excise duty amounting to Rs 177.6 million was evaded on 5,92,085 litres of whiskey

Indian highway liquor ban likely to impact sales, revenue: Diageo

Our expectations on overall performance for the year remain unchanged: Diageo

Diageo may have to make another open offer in USL

Sebi is probing role of board of directors of USL in alleged fund diversion findings

Diageo to expand captive shared services centre to 1,000 people

Diageo has four such units in Manila, Nairobi, Budapest and Bogota

Diageo opens new biz services centre; to hire 1,000 by 2017-end

DBSI will focus on the fields of finance and accounting; plans to move fast into other areas such as business intelligence and analytics

Sebi might ask Diageo to revise USL open offer

The regulator feels that this is not in accordance with takeover norms