Cobra Beer to undertake major expansion in India
Cobra Beer, founded by NRI entrepreneur Lord Karan Bilimoria, is planning a major expansion in India with the acquisition of an existing brewery and building a new one.
By Agencies |
LONDON: Cobra Beer, founded by NRI entrepreneur Lord Karan Bilimoria, is planning a major expansion in India with the acquisition of an existing brewery and building a new one.
"Talks are, currently, at an advanced stage for acquisition of the brewery and once acquisition process is over we will upgrade it to our specifications,” Hyderabad-born Lord Bilimoria told reporters in an interview on Sunday, without revealing details.
The UK-based Cobra Beer, which has an annual turnover of £126 million and is exporting to 50 countries worldwide, started its operations in Rajasthan at the Shivalika Brewery in January 2005.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
