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Alcohol stock hits 5% upper circuit after acquiring Solkit Distillery & Brewery Pvt Ltd for ₹13 Cr

Prominent alcohol company acquires a liquor bottling business for ₹13 crore, expanding production capacity and strengthening its presence in country liquor, Rajasthan Made Liquor, and IMFL markets.
Alcohol stock surges 5% after acquiring Solkit Distillery & Brewery Pvt Ltd for ₹13 crore.
Alcohol stock surges 5% after acquiring Solkit Distillery & Brewery Pvt Ltd for ₹13 crore.

Introduction:

Leading alcohol company has acquired a liquor bottling business with a 1,45,000-case monthly capacity for ₹13 crore. This strategic move enhances its manufacturing capabilities in country liquor, Rajasthan Made Liquor, and IMFL, strengthening its industry presence.

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Share price movement of Agribio Spirits:

On April 3, 2025, Agribio Spirits Ltd opened at ₹170.35, down 1.98% from its previous close of ₹173.80. The stock reached a high of ₹182.45 (5.00%) and a low of ₹170.35. By 1:36 PM, it traded at ₹181.85, a 4.63% increase, with a market cap of ₹187.47 crore.

Agribio Spirits Acquires Solkit Distillery:

Agribio Spirits Limited (Formerly known as Beekay Niryat Limited) has entered into a Share Purchase Agreement to acquire 100% equity in Solkit Distillery & Brewery Pvt Ltd for ₹13 crore. The acquisition includes a running liquor bottling business with a monthly capacity of approximately 1,45,000 cases.

Following the acquisition, Solkit Distillery & Brewery will become a wholly-owned subsidiary of Agribio Spirits. The deal, finalized on April 2, 2025, was executed with multiple sellers, including Soli Ilavia, Anosh Ilavia, and Solkit Cosmetics.

This acquisition expands Agribio Spirits’ manufacturing capabilities in country liquor, Rajasthan Made Liquor, and IMFL. The transaction, conducted on an arm’s length basis, aims to strengthen the company’s presence in the alcoholic beverage industry.

Recent news on Agribio Spirits:

As of March 20, 2025, Agribio Spirits Limited reported a 107.85% rise in net sales to ₹7.85 crore and a 231.03% surge in net profit to ₹1.17 crore for Q3 FY24.

Stock performance of Agribio Spirits for Period of 1 week, 6 months, and 1 year:

Agribio Spirits Ltd delivered a 7.18% return over the past week, surged by 102% in the past six months, and gained an impressive 282% over the past year.

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Shareholding pattern of Agribio Spirits:

ParticularsDec 2024Sep 2024Jun 2024
Promoter47%61.60%61.60%
FII0.00%0.00%0.00%
DII0%0%0%
Public52.60%38.40%38.40%
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About Agribio Spirits:

Agribio Spirits Ltd (BSE: 539546), formerly Beekay Niryat Ltd, engages in liquor manufacturing, alcohol trading, and exports of leather, jute, and handicrafts. It also trades in agricultural, industrial, and commercial goods, along with securities and real estate.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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