The Bangalore based Grover Vineyards and Nashik based Vallee de Vin have come together to create Grover Zampa Vineyards.
The merger is estimated with an investment of around Rs 100 crore. The formal agreement is yet to be signed by the both the companies whereas the companies have already started functioning as a combined entity. The merger will help both the companies to deal with discriminatory taxes levied by Maharashtra and Karnataka, because it will have production facility in both the places.