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Stock & Barrel: Zerodha’s Nikhil buys 5% stake in SRK’s spirits co

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Stock & Barrel: Zerodha's Nikhil buys 5% stake in SRK's spirits co

MUMBAI: Zerodha co-founder and billionaire investor Nikhil Kamath has invested in film actor Shah Rukh Khan’s spirits business, increasing his involvement in the country’s alcobev sector following his stake purchase in India’s fourth-largest liquor player Radico Khaitan. Kamath owns 5% of D’yavol Spirits, founded by Shah Rukh and his son Aryan Khan. He also holds 1.7% of Radico, worth Rs 660 crore, which he has described as a “miniature partner” in the company and a “great investment”. Radico, led by Abhishek Khaitan, has acquired 47.5% of D’yavol for Rs 40 crore, making it the largest shareholder. Apart from the Khans, the other founders of D’yavol are their friends Harprit Singh and his wife Leti Blagoeva. Collectively, they hold the remaining 47.5%. The quartet ventured into distribution of premium spirits with provenance in 2022 and have launched D’yavol single estate vodka, Inception blended malt scotch whisky and Vortex scotch whisky. The startup will launch D’yavol Anejo tequila in India. “Radico had no plans to enter tequila. But when conversations happened with Shah Rukh… and when we saw the product created by them, we decided to partner with them,” company MD Abhishek Khaitan told TOI.





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