Tinna Trade Acquires Fratelli Wines, Rebrands as Fratelli Vineyards Ltd

Tinna Trade has announced the acquisition of Fratelli Wines, a prominent name in Indian winemaking. This strategic move, involving the issuance of 3,07,79,184 shares of Tinna Trade Ltd. to Fratelli Wines' shareholders, makes Fratelli Wines a 100% subsidiary of Tinna Trade. Following this acquisition, Tinna Trade has been renamed Fratelli Vineyards Ltd., upon completion of the necessary statutory and regulatory processes.

For the fiscal year ending March 31, 2024, Fratelli Vineyards reported a net revenue of Rs 215.6 crore and an EBITDA of Rs. 28.6 crore, with 70 percent of its revenue coming from premium offerings. This acquisition positions Fratelli Vineyards for significant growth and expansion in the Indian wine market.

“We are delighted to reimagine Tinna Trade as Fratelli Vineyards. We have been building our vineyards, brands, and a unique integrated ‘grapes to bottle’ model since 2007. Today, the business is poised for strong and sustained expansion with an attractive portfolio of brands. As a focused entity, Fratelli 2.0 is getting future-ready. Being listed creates an opportunity for the shareholders to participate in the value creation journey backed by our strong experience in the lifestyle/business of wine," said Gaurav Sekhri, Managing Director of Tinna Trade.

Fratelli Vineyards is renowned for its luxury wine brands like J’Noon and Sette, which are category leaders in India. Since its inception as a family-backed vineyard, Fratelli has made significant strides in the wine industry, earning recognition among oenophiles and premium hospitality brands across the country for the quality of its wines. The business is well-positioned for robust growth with a sharp focus on brand development and new product launches.

The share swap was executed in full compliance with regulatory guidelines, underscoring a commitment to integrity and excellence. As part of the strategic plan, Tinna Trade's current agricultural and non-agricultural trading operations have been phased out, allowing the company to focus entirely on the winemaking industry.