McDowell AlcoBev, the joint venture company owned by United Breweries Ltd (UB) Group, Scottish & Newcastle (S&N) and Ravi Jain, has acquired a 51.75% stake in Inertia Industries Ltd, a beer producer owned by United Breweries.

The partners have also formalised proposals to invest some Rup1.8 billion in the joint venture.

McDowell Alcobev has made an open offer to Inertia shareholders with a view to acquiring a further 25% in Inertia which has breweries in Aurangabad, western India and and Dharu Hera in the north.