India Glycols, a leading chemical and industrial products company, has announced a new partnership with Amrut Distilleries, a well-known name in the Indian spirits industry. As part of this collaboration, India Glycols also revealed plans to demerge its spirits business into a separate entity.
The move is aimed at streamlining operations and allowing the company to focus on its core business while Amrut Distilleries brings its expertise in the spirits sector. By creating a distinct unit for the spirits business, India Glycols intends to enhance growth opportunities and improve operational efficiency in both its chemical and alcoholic beverage divisions.
The demerger will allow the two companies to better leverage their individual strengths in their respective markets. India Glycols expects this restructuring to unlock value for shareholders and position the new spirits business for long-term success.
