We are pleased to announce that our client
Pearl Distillery Limited ("Pearl")
, has raised structured debt of INR 2,000 million from a leading NBFC.
Pearl will use the funds to repay its existing secured & unsecured loans, fund working capital and ongoing capex requirements.
Pearl is one of the largest fully integrated distilleries in India and has a licensed capacity of ~1 million cases per month. The company operates in Andhra Pradesh and is an exclusive bottler and franchisee partner of United Spirits Limited (USL).