According to the global brokerage, the Indian spirits market is very large and has high entry barriers due to complex state-level regulations, which act as a strong competitive moat for existing players
The Andhra Pradesh government had constituted the SIT on November 6 to investigate allegations that liquor companies paid kickbacks to political and administrative figures of the previous regime in exchange for business favours.
The Special Investigation Team is probing if the earlier Andhra Pradesh government allowed sales of only certain brands, amid reports of kickbacks.
Tilaknagar Industries has been manufacturing, marketing and selling whiskey, gin and brandy under the 'Mansion House' and 'Savoy Club' trademarks in India since 1983.
Listed just a month back, the stock of Allied Blenders has surged nearly 13 percent from IPO's upper price band of Rs 281 apiece
Allied Blenders and Distillers, the manufacturer of Officer's Choice whisky, has raised Rs 449 crore from institutional investors via anchor book on June 24. Nippon Life India, JM Financial Mutual Fund, LIC Mutual Fund, Jupiter India Fund, Troo Capital, BNP Paribas, and 360 One Special Opportunities Fund were among the leading investors in the anchor book. Among others, Goldman Sachs, Integrated Core Strategies (Asia), Societe Generale, Authum Investment and Infrastructure, Winro Commercial, MAIQ Growth Scheme, and LC Radiance Fund VCC also invested in the company. The IPO, comprising a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale of shares worth Rs 500 crore by promoters is open for subscription. The final day for bidding the issue will be June 27. Catch Nandita Khemka in conversation with Alok Gupta, MD and Ramakrishnan Ramaswamy, CFO of the company to know more about the company’s expansion plans.
The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters
The company's promoter Anil Agarwal had pledged the mining company's stake from 2020 onwards in a bid to raise funds. According to the filing, the promoters had pledged 63.71% of shares
The maker of Officer’s Choice whiskey has initiated talks with advisors and seeks a valuation of at least $2.5 billion
Ownership battle over Mansion House brand gets murkier as Allied Blenders buy 50 percent stake in brand.