United Spirits Acquires 15% Stake in Premium Spirit Brand Pistola

Alcoholic beverages company, United Spirits has acquired a 15 per cent stake in Inspired Hospitality, the parent company of premium spirit brand, Pistola for Rs 5.65 crore, reported USL in BSE filing on Thursday.

“The Company will subscribe to 3,494 (three thousand four hundred ninety-four) Compulsory Convertible Preference Shares (CCPS) and 10 (ten) equity shares of Pistola, constituting approximately 15.0% of the paid-up share capital of Pistola (on a fully diluted basis),” added the filing.

Founded by brother-sister duo, Rakshay and Radhika Dhariwal, Pistola is engaged in the business of development, marketing and selling of agave spirits. 

Pistola doesn't own a bottling unit facility and has contracted with a third party.

With this investment, United Spirits aims to strengthen its position in the premium craft segment, read the filing.

The company further added that upon Pistola achieving certain pre-agreed milestones within a defined time period, United Spirits may acquire the remaining shares held by other shareholders.

Founded in 2010, Pistola positions itself among emerging premium agave brands in India. The brand started the commercial operations of its agave spirits business in December 2021.

It is also available across the USA, Singapore and Thailand.