RINPOCHE SPIRITS PRIVATE LIMITED
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About
Cupid Breweries has announced a significant strategic expansion by acquiring a 100% stake in Rinpoche Spirits Private Limited (RSPL) for approximately ₹354 crore through a share swap. The company also signed an MOU for a substantial production capacity unit in Odisha and plans to open new branches across five states, marking a concerted effort to grow its presence in the alcoholic beverage sector. Cupid Ltd. has been strategically diversifying its business operations beyond its traditional stronghold in the condom manufacturing and export sector. The company has been actively expanding its presence in the Indian Made Foreign Liquor (IMFL) segment, signalling a clear intent to capture a larger share of the rapidly growing Indian alcoholic beverage market. This diversification strategy positions Cupid as a challenger in an industry currently dominated by established giants.
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