'Very well for...': Billionaire Nikhil Kamath reveals Rs 400 crore investment in Rs 22949 crore liquor company

Zerodha co-founder Nikhil Kamath has invested in many companies. The 37-year-old recently revealed his other investment of about Rs 400 crore in a liquor company called Radico Khaitan. Nikhil reveals he has a 1.6-1.7 per cent stake in the company which makes Magic Moments vodka, 8PM whiskey and other popular brands.

"The billionaire revealed it during his podcast titled 'WTF, Alcohol is a $70B Business in India?'. The video of the same is available on his YouTube channel with 840K subscribers. "It has done very well for us. We have never spoken about it publicly – I think it (the stake) is 1.6-1.7%," Nikhil said. He said the stake, worth around Rs 400 crore, was bought in the open market. He added, “We have Rs 400 crore of Abhishek’s stock – Radico, which is a great investment for me, so don’t blame me for being a bit nicer to him."

In the podcast, Nikhil was joined by Abhishek Khaitan, MD of Radico Khaitan, Minakshi Singh, co-founder of SideCar, Shuchir Suri, co-founder of Gin Explorer’s Club and Suraj Shenai, founder of Goa Brewing Co. Meanwhile, Radico Khaitan is run by Lalit Khaitan, chairman and MD of the company. The company has a market cap of Rs 22949 crore as of July 5.

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