Radico Khaitan Keeps Options Open in Search for Scotch Distillery

Radico Khaitan is continuing its search for a Scotch whisky distillery but is not expecting a deal anytime soon. The company says it remains open to opportunities and is taking a cautious approach before making any acquisition.

Earlier this year, the IMFL major had set up a wholly owned subsidiary in Scotland with the intention of eventually acquiring a distillery. The move was disclosed in a filing with the Bombay Stock Exchange (BSE).

However, speaking at the ProWein trade show in Düsseldorf, Sanjeev Banga, head of international business at Radico Khaitan, clarified that a purchase is not likely in the near term. He noted that while the company is keen to own a distillery in Scotland someday, it is in no rush to close a deal.

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For now, Radico Khaitan is evaluating options carefully as it looks to strengthen its global presence in the premium whisky segment.

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Aabkari Times Editorial Team covers India's excise policy, liquor industry news, AlcoBev sector, state excise regulations, and alcohol taxation. Published from Prayagraj since 2009, Aabkari Times is India's only dedicated Hindi monthly magazine for the excise and alcohol industry.

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