Som Distilleries, other liquor stocks tumble up to 5% as India-UK FTA slashes scotch whisky tariffs
Shares of several Indian liquor manufacturers fell up to 5% on Wednesday after India and the United Kingdom finalised a wide-ranging Free Trade Agreement (FTA) that includes steep cuts in import duties on Scotch whisky and gin — a move seen as a threat to domestic players. Som Distilleries & Breweries led the declines, falling…