Grover Zampa Vineyards Limited and Quintela Assets Limited entered into a share purchase agreement to acquire Four Seasons Wines Ltd. from United Spirits Limited (NSEI:UNITDSPR) for approximately INR 320 million on January 14, 2019. After the acquisition, United Spirits Limited will hold no shares in Four Seasons Wines Ltd., and Four Seasons Wines Ltd. will cease to be a subsidiary of United Spirits Limited. As of March 2018, turnover and net worth of Four Seasons Wines Ltd. was approximately INR 126 million and negative INR 673 million respectively, which constituted less than 1% of United Spirits Limited's turnover and net worth, respectively, for such financial year. The transaction is expected to complete on January 16, 2019.