Diageo India, also known as United Spirits Limited, has announced the purchase of a majority controlling stake in Goa-based gin producer Nao Spirits for INR 130 crores (US$15.2m). 

In memory of its late distiller, Nao Spirits and Beverages, the craft gin distillers form India, have announced the Jay Dhawan Scholarship in association with the Gin Guild. 

United Spirits Limited (Diageo India) has announced an investment of INR 31.5 crores (US$ 4.1m) to acquire a strategic minority stake in Nao Spirits.