date:Nov 12, 2012
to pay off UB Groups $4 Bn debt earlier in February this year.
The global alcoholic drinks industry is expected to exceed $1 trillion in 2014, according to MarketLine and global alcohol makers are looking to tap the growing Indian liquor market as increasing number of population is turning into the drinking age field.
Another brewery group, worlds fourth largest, Carlsberg, had earlier acquired a brewery in Haryana and was very optimistic on the spirit consumption outlook of India.