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Pincon Spirit acquires Singapore based Orbitol Solutions

India Blooms News Service | | 18 Feb 2016, 01:01 pm
Kolkata, Feb 18 (IBNS): Pincon Spirit Limited - PSL , through Overseas Direct Investment (ODI) has acquired Orbitol Solutions Pte. Ltd. (OSPL), a company incorporated in Singapore under Companies Act Cao.50, having its Registered Office in Singapore, with effect from Feb 16.

There are strategic plans to have OSPL as Subsidiary Company of PSL. 

OSPL is engaged in the business of Merchant Trading and Agri Commodities and their business is dispersed throughout South East Asia.

This strategic ODI would enable PSL to export its own brand of “Ultra Force XXX Jamaican Rum” to the South East Asian Market. Simultaneously PSL would be importing foreign made liquor and pulses of foreign produce for marketing the same in India.

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