Mumbai-based Allied Blenders and Distillers, has received the Securities and Exchange Board of India s approval to raise Rs 2000 crore through an initial public offering.
Allied Blenders and Distillers (ABD) is engaged in the manufacturing, marketing and sale of alcoholic beverages in India and abroad. Its manufacturing network includes one owned distillery, nine owned bottling units and 22 non-owned manufacturing units.
New Delhi, July 24: Allied Blenders and Distillers, the maker of Officer’s Choice whisky, is seeing a “reasonable” recovery in sales volumes and revenues on the back of a gain in consumer confidence, its executive deputy chairman Shekhar Ramamurthy said on Sunday. The sales of alcoholic beverages were largely hit by shutdowns due to the Covid-19 pandemic and a couple of policy changes, he added. Allied Blenders and Distillers (ABD) is engaged in the manufacturing, marketing and sale of alcoholic […]
Allied Blenders and Distillers Ltd has filed preliminary papers with capital markets regulator SEBI to raise more than Rs 2,000 crore via an initial public offer (IPO).
The issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale (OFS) of Rs 1,000 crore.