Pincon Spirit Limited signed a memorandum of understanding to acquire Bacchus Enterprises Limited.

Pincon Spirit Limited (PSL) is an India-based liquor company. The Company is engaged wholesale of intoxications likes wines and liquors; refining and packaging of edible oils (fast moving consumer goods (FMCG)), and blending and bottling of Indian made foreign liquor (IMFL) and Indian made Indian liquor (IMIL). Its segments include IMFL, IMIL and Edible oils. The Company, through IMFL and IMIL segments, is engaged in the wholesale distribution of liquor brands, including Pincon King's Coin, Pincon No. 1 Select Whisky, Odisha Choice Whisky, Pincon XXX Matured Rum, Pincon Perfect Grain Vodka, Pincon Ruby Gold XO Brandy, Highland Blue Whisky, Ultra Force XXX Jamaican Rum, Pincon Ruby Gold Orange Gin, PSL-Bengal Tiger and PSL-Udaan. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.