In relation to its intimation letter October 5, 2023, Som Distilleries And Breweries has informed that meeting of the Fund Raising Committee (‘Committee’) scheduled on October 10, 2023 stands cancelled. Further the Committee has at its meeting held today October 9, 2023, resolved for the following: The Company is not going ahead with the proposed QIP issue due to lesser amount of bids received towards its proposed QIP Issue. The Company shall evaluate the viability of a funds raise at a suitable time. Its focus on growth and delivering shareholders value in the short and medium term remains intact. The meeting of the Committee commenced at 08:00 am and concluded at 08:30 am.
| Company Name | CMP |
|---|---|
| United Spirits | 1382.25 |
| United Breweries | 1483.65 |
| Radico Khaitan | 3198.55 |
| India Glycols | 973.15 |
| Allied Blenders | 561.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: