Is John Distilleries planning to sell its founder's remaining stake to Sazerac, and under what conditions?

Yes, John Distilleries is open to selling more — and potentially all — of founder Paul John's remaining stake to U.S. spirits group Sazerac, with the parties having agreed in principle to jointly explore changes in shareholding; there is no timeline, but any sale would likely occur at a higher valuation than the most recent transaction, which valued the company at about 40 billion rupees ($426.48 million).

What is the current ownership structure between Sazerac and John Distilleries, and how did it come about?

Sazerac already holds about 60% of the privately held John Distilleries, having acquired stakes including from Gaja Capital nearly a decade ago.

India's John Distilleries Open to Further Stake Sale to Sazerac, Founder Says

Apr 22, 2026

John Distilleries' founder considers selling remaining stake to Sazerac at a higher valuation, targeting profitability by 2028 as India's spirits market grows.

reuters

2026-04-22

India's John Distilleries Open to Further Stake Sale to Sazerac, Founder Says

India's John Distilleries Open to Further Stake Sale to Sazerac, Founder Says

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