Pune police carried out a prohibition raid in Kondhwa on Thursday at Kakade Vasti, leading to the seizure of Rs 1,00,85,950 in cash and a large stock of illicit liquor. The operation was led by crime branch unit officials, and three people have been booked as investigations continue into the suspected illegal liquor trade.
John Distilleries founder Paul John says he is open to selling his remaining stake to US spirits group Sazerac. Sazerac already holds a major position in the Indian liquor maker, and both sides are exploring changes in shareholding. John believes Sazerac can support future growth as India’s spirits market is forecast to become the world’s largest by volume.
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