Inbrew, a new-age beverage platform, completed the acquisition of the 32 liquor brands from Diageo-backed United Spirits, an alcoholic beverages company, for $106m. "The transaction reflects the continued evolution of the management of the popular portfolio since 2016, when the company moved to a franchise model in many states, to enable a sharpened focus on ‘Prestige & Above’. This is a significant move to reshape our portfolio in service of our publicly stated mission to deliver sustained double-digit profitable top-line growth," Hina Nagarajan, United Spirits CEO.