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Our Bureau

New Delhi , Dec. 15

Radico Khaitan has announced that its joint venture partner has received FIPB approval for entering into a 50:50 joint venture. The company had earlier this year said that it had entered into an agreement with Diageo.

The first board meeting of the newly constituted board of the joint venture company was held on December 6, 2006, and the joint venture has since been formalised.

The new 50:50 joint venture will roll out products in the Indian Made Foreign Liquor (IMFL) segment.

More Stories on : Alliances & Joint Ventures | Breweries

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