Varun Beverages’ Kiva Spirits is in advanced discussions to acquire spirits maker Alcobrew for ₹2,000-2,500 crore, according to livemint.com. The deal aims to expand Kiva Spirits’ portfolio with established liquor brands and enhance its distribution capabilities. The talks were reported on September 10, 2026, with final transaction terms yet to be finalized.
The acquisition talks involve Kiva Spirits seeking to strengthen its presence in the alcoholic beverages market by adding Alcobrew’s range of products, which includes whisky, vodka, gin, brandy, and rum brands such as Gamber Valley single malt. The discussions are at an advanced stage, but the companies have not disclosed the exact terms or timeline for closing the deal, livemint.com reported.
This potential acquisition is significant as it would provide Kiva Spirits with a broader portfolio and a stronger foothold in the competitive liquor market. Alcobrew’s established brands and distribution network could complement Varun Beverages’ existing operations, positioning the company for growth amid rising demand for premium alcoholic beverages in India. Comparable deals in the sector have shown that such acquisitions can accelerate market expansion and brand diversification.
The final terms of the transaction remain undecided, and no official announcement has been made. The companies are expected to conclude negotiations soon, with the deal size estimated between ₹2,000 crore and ₹2,500 crore, according to livemint.com.