07
Aug
New Delhi (India), August 7: Tinna Trade announces the acquisition of Fratelli Wines, one of India’s leading names in winemaking. This strategic move, involving the issuance of 3,07,79,184 shares* of Tinna Trade Ltd. to Fratelli Wines’ shareholders, marks the beginning of an exciting journey as Fratelli Wines becomes a 100% subsidiary of Tinna Trade. Reflecting its new focus and vision, Tinna Trade has rechristened itself as Fratelli Vineyards Ltd., upon completion of the requisite statutory & regulatory processes. Fratelli Vineyards reported impressive net revenue of Rs. 215.6 crore and an EBITDA of Rs. 28.6 crore for the year ending March…
