Allied Blenders and Distillers has received approval from Board of Directors for acquisition of upto 51% stake in the paid-up capital of Good Barrel Distillery (Good Barrel) with the option to acquire the entire paid up share capital and the board authorised the execution of definitive agreements and other relevant transaction documents on behalf of the Company.
The investment is anticipated to create revenue synergies by utilizing company’s distribution network, which will aid in accelerating market expansion. Cost synergies are also expected from leveraging company’s manufacturing capabilities. The company aims to broaden its market presence by entering new geographies in India and Overseas market. The cost of acquisition is Rs 9 crore.
Upon completion of the acquisition, Good Barrel Distillery will become a subsidiary of the Company. The Board of Directors at its meeting held on January 29, 2025, has approved the same.
Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka.
| Company Name | CMP |
|---|---|
| United Spirits | 1303.00 |
| United Breweries | 1494.10 |
| Radico Khaitan | 3188.25 |
| India Glycols | 975.65 |
| Allied Blenders | 573.50 |
| View more.. | |
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