Fratelli Wines poised for change with Tinna Trade acquisition

Fratelli Wines

Tinna Trade, an agricultural trading company, has acquired 100% stake in Fratelli Wines Pvt limited in a share swap deal. The deal will transform Tinna Trade into India’s second-largest winemaker, sparking interest across the wine and beverages industry.

The acquisition, which involves Tinna Trade swapping shares with promoters of Fratelli Wines, will see Tinna Trade increase its stake in the wine company to nearly 97%, up from a mere 3%. At a share issuance price of ₹72 per share, a 9% discount from the market price, Tinna Trade’s valuation will now soar to over ₹227 crore. This deal not only marks Tinna Trade’s foray into winemaking but positions it as a formidable contender in India’s burgeoning wine industry. Tinna Trade’s transition from agricultural trading to wine production highlights the company’s ambition to explore new avenues for growth. By leveraging Fratelli Wines’ brand presence and distribution network, Tinna Trade aims to scale new heights in the wine industry, according to reports.

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