Liquor manufacturing firm Jagatjit Industries raises $42 mn
Indian liquor manufacturing firm Jagatjit Industries has raised $42 million (â¹265 crore) in debt funding from non-banking financial company Indiabulls Commercial Credit. The amount will be utilised to retire the debt of private equity giant KKR's lending arm and Union Bank of India, the company said. Founded in 1944 by LP Jaiswal, Jagatjit makes whisky, rum, and vodka among others.