United Spirits Limited has announced the successful completion of its investment in Nuvola Spirits Private Limited (NSPL). The company subscribed to 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of NSPL for an aggregate consideration of INR 2.69 crore. This strategic move represents a 10.08% stake on a fully diluted basis and aligns with the company’s strategy to back innovative founders in the premium craft beverage segment.
Investment in Nuvola Spirits Finalized
United Spirits Limited has officially confirmed the completion of its investment in Nuvola Spirits Private Limited (NSPL). This development follows an earlier intimation dated 22nd July 2026, detailing the subscription of 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of NSPL.
Transaction Details and Stake
The total aggregate consideration for this transaction amounted to INR 2.69 crore. This investment secures United Spirits Limited a stake equivalent to 10.08% of NSPL’s issued and paid-up share capital on a fully diluted basis. The investment was completed as per the terms outlined in the earlier disclosure and the Share Subscription and Shareholder Agreement (SSHA) dated 22nd July 2026.
Strategic Alignment
The acquisition is in line with United Spirits Limited’s ongoing strategy to support innovative entrepreneurs and capitalize on emerging trends within the premium craft beverage market. NSPL operates in the alcohol and non-alcohol beverage sector, focusing on developing, producing, marketing, and selling alcohol beverages under the brand names “Mikiamo” and “Seoulmate,” which include craft liqueur brands.
Nuvola Spirits Background
Nuvola Spirits Private Limited was incorporated on 2nd August 2023 and is involved in crafting products using Italian and Korean flavour profiles. Its product portfolio includes Soju, Limoncello, Meloncello, and Amara Rosso. The company’s audited financials for the year ended 31st March 2025 reported a turnover of INR 0.38 crore and a net worth of negative INR 0.15 crore.
Source: BSE
