Mumbai, June 6 -- The agreement covers the acquisition of land, building, plant and machinery, along with premium excise licenses required for production at the facility.

As part of the transaction, the company has paid an advance of Rs 1 crore, including applicable TDS.

The facility has an installed production capacity of approximately 2.5 lakh cases per month. The acquisition is expected to strengthen Cupid Breweries' manufacturing capabilities and support its expansion plans in the alco-beverage segment.

The company said the deal marks a significant step in its growth strategy and will provide a strong production base for future expansion once completed.

Cupid Breweries & Distilleries engaged in the business as an trading company a...