Miadiamante Foods picks majority stake in beer firm
India, July 14 -- Nasik based Miadiamante Foods & Beverages has picked up a majority stake in Pune based microbrewery company, Independence Brewing Company (IBC), one of the largest and oldest microbreweries in India.
Promoted by Krishen Lal Khanna and Anirudh Khanna,Miadiamante has acquired a majority stake in IBC from Indus Brew LLC, a US-based entity. Co-founded by Shailendra Bist, majority of the stake in IBC was previously owned by Indus Brew LLC, Greg Koch and Avanish Vellanki.
While Miadiamante has purchased a majority stake, founder Bist will continue to own a minority stake and invest efforts in growing the business further. IBC is widely present across Mumbai and Pune through its outlets and beer distribution business and its ...
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