United Spirits Limited (Diageo India) has acquired a majority controlling stake in NAO Spirits through a secondary purchase from the existing shareholders of NAO as well as a fresh subscription of shares in NAO by Diageo India.

Touchstone Partners advised Diageo India on this transaction.

The transaction team was led by Yashasvi Mohanram (Partner), with support from Vaishnavi Sankar (Senior Associate), and Associates - Achint Jain and Aayushi Jain.

AMP Legal advised NAO Spirits and the selling shareholders on this transaction.

NAO Spirits is an emerging Indian craft spirits company with award winning brands ’Greater Than’ and ’Hapusa’.

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