Sazerac Acquires 20% Stake In John Distilleries

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Sazerac is not an uncommon name in the liquor world, and now, the American, family-owned company is making further inroads in India with the finalization of a 20% minority stake in John Distilleries – a leading liquor company in the subcontinent.

According to sources aware of the development, Sazerac has acquired the 20% stake that private equity investor Gaja Capital still held at a valuation of 1,000 crore. Currently, Sazerac has an overall holding of 43% after acquiring a 23% stake in John Distilleries from Gaja Capital in October last year.

Sazerac Acquires 20% Stake In John Distilleries

While Gaja Capital owner, Gopal Jain, confirmed the development, he declined to provide further details, Sazerac didn’t comment, and John Distilleries didn’t offer a response.

As the situation stands, Paul John, chairman and managing director at John Distilleries, holds the remaining 57% stake.

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