Liquor firm Radico Khaitan today posted 17.08 per cent rise in net profit at Rs 21.52 crore for the third quarter ended December 31.

Radico Khaitan will set up a wholly-owned subsidiary in Mauritius to drive business in international markets.

Radico Khaitan posted 21.5% drop in net profit to Rs 14.79 crore in the second quarter of financial year 2011-12.

Radico Khaitan redeemed FCCBs worth $50 mn, it said in a filing with the Bombay Stock Exchange. The company said it has no FCCBs outstandin...