Companies
Cash received from sale of brands will be used to wipe out losses: Diageo India CEO
United Spirits last week completed the sale of 32 brands for around ₹820 crore and entered into a five-year franchise arrangement for 11 brands with Inbrew Beverages Pvt Ltd. In an interaction with BusinessLine, USL’s MD & CEO Hina Nagarajan shares the company’s plans for the future and how the deal was structured. Excerpts: