India’s largest liquor company United Spirits Ltd (USL) has agreed to sell its wholly-owned subsidiary Four Seasons Wines Ltd and associated brands to Grover Zampa Vineyards Ltd, the country’s second-largest winemaker in terms of volumes. The shares will be sold to Grover Zampa and Quintela Assets Ltd, an existing investor in Grover Zampa, for Rs 31.86 crore.
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