Globus Spirits has received Delhi High Court's approval for the merger of Associated Distillers (ADL) with itself. The merger is expected to result in a stronger footprint in the Country Liquor segment across Haryana & Delhi and also augment the contract manufacturing business.
ADL operates in the country liquor (CL) segment in Haryana and Delhi. The merger takes GSL's capacity to 84.4 million bulk litres from 70 million bulk litres and is expected to translate into a higher market share in the CL segment while further strengthening bottling ties-ups. The company's board in second quarter of FY 2010-11 had proposed to merge ADL into GSL on a going concern basis, with effect from April 1, 2010. GSL currently operates two distilleries at Behror in Rajasthan and Samalkha in Haryana which have a combined capacity of 70 million BL per annum.
| Company Name | CMP |
|---|---|
| United Spirits | 1267.50 |
| United Breweries | 1454.95 |
| Radico Khaitan | 2793.00 |
| India Glycols | 922.60 |
| Allied Blenders | 511.30 |
| 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: