Sazerac Takes Stake in India’s John Distilleries

The demand for new whiskey has led Sazerac to make its foray into the Indian spirits market, acquiring an equity stake in John Distilleries Private Limited (JDPL) from private equity investor Gaja Capital.No purchase price was disclosed, but the initial investment is reportedly a 28% stake, sweetened by a two-year plan to buy Gaja's remaining 15% stake in the company, according to the Times of India."We are extraordinarily excited to be able to establish this partnership in India, and look