Diageo’s home delivery plans hit, exits HipBar at 98% loss - Business News: Latest News & Videos about market and economy | Trendmergers

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Diageo’s home delivery plans hit, exits HipBar at 98% loss

While the move comes at a time when several Indian states are putting in place norms to allow home delivery of alcohol, Diageo which invested Rs 27 crore in HipBar through its domestic entity USL for a 26% stake in 2018, is selling back the entire stake to the startup’s promoter Prasanna Natarajan for Rs 52 lakh.

from Stocks-Markets-Economic Times
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