Allied Blenders and Distillers has received approval for the acquisition of all brands and other Intellectual Property rights (IPR) from Fullarton Distilleries (Fullarton) and authorised the execution of relevant transaction documents on behalf of the Company.
The acquisition of all brands and other IPR of Fullarton Distilleries are in line with the company’s business and aligns well with its strategic goal of expanding the company’s portfolio in the premium alcoholic beverages segment and strengthening its market position. The aggregate purchase consideration of Rs 39.50 crore (excluding applicable taxes and levies) is paid for acquisition of all the brands /other IPR of Fullerton. 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.
