Pincon charts Rs 300 cr capex, to issue $30mn masala bonds

City based brewer and distiller, Pincon Spirit Ltd has charted out a capex of Rs 300 crore during the current fiscal in enhancing distilleries capacity, increasing retail chain and expanding footprint.

To part finance the expansion of distilleries, it has mooted upto USD 30 million masala bond issue at the London Stock Exchange.

"We have drawn aggressive expansion in distilleries, company owned liquor off-shops to 100 from 33, foraying into packaging bottle manufacturing for captive consumption and entering into new states," Pincon CMD Monoranjan Roy told

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