ndustries, a Delhi-based firm which is into sugar and distillery business, has acquired 89% stake in Nirvana Biosys, a producer of table wines for the Indian market, for an undisclosed sum.Incorporated in the year 2008, Nirvana Biosys has the distinction of establishing the first winery of the Northern India at Bawal in the state of Haryana with an annual capacity of 12 lakh liters.
The company had forged a joint venture with Maurice-winemakers EC Oxenham & CY for the winery.
Post the deal, Nirvana Biosys has become a subsidiary of Piccadily Agro Industries.
The range of wines produced by Nirvana Biosys includes red, white, sparkling, port, lychee, mango, rose and herbal wines.
Nirvana Biosys sells wines in more than 12 states of India along with various CSD canteens.
The deal forms part of Piccadily Agro Industries' strategy to expand its product range in the country.
In 2012, Nirvana Biosys joined hands with Natures Bounty Wines to market its wines under the Luca brand globally.
