Tinna Trade, a company specializing in agricultural trading, has completed a share swap deal to acquire full ownership of Fratelli Wines Pvt Limited. This acquisition positions Tinna Trade as the second-largest wine producer in India, igniting significant attention within the wine and beverages sector.
The share swap deal between Tinna Trade and the promoters of Fratelli Wines will result in Tinna Trade significantly increasing its ownership stake in the wine company to nearly 97%, up from a previous ownership of only 3%.
With shares issued at INR 72 each, representing a 9% discount from the market price, Tinna Trade’s valuation is set to rise significantly, surpassing INR 227 crore. This transaction not only signifies Tinna Trade’s entry into wine production but also establishes it as a strong player in India’s rapidly growing wine sector.
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Reports indicate that Tinna Trade’s shift from agricultural trading to wine production underscores the company’s determination to explore fresh avenues for expansion. Utilizing Fratelli Wines’ established brand presence and distribution channels, Tinna Trade seeks to achieve remarkable success in the wine sector, aiming for unprecedented growth.
Back in 2006, the Sekhri family embarked on a joint venture, co-founding Fratelli Wines, which originated from Kapil Sekhri’s vineyard in Akluj, Maharashtra. Renowned as the pioneer Indo-Italian wine, this venture blossomed through collaboration between Alessio and Andrea Secci, Kapil and Gaurav Sekhri, and Ranjit and Arjun Mohite Patil.
In the year 2020, Kapil Sekhri tragically passed away at the age of 45 due to a cardiac arrest that occurred while he was out jogging.
The acquisition of Fratelli Wines by Tinna Trade signifies the evolving landscape of India’s wine market. Positioned as the second-largest wine producer in the nation, Tinna Trade is anticipated to bring about significant changes and disruptions within the wine industry.
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