Allied Blenders and Distillers Limited (ABDL), established in 1988 by Shri Kishore Chhabria, is a prominent Indian spirits company best known for its flagship brand, Officer’s Choice Whisky, which ranks among the top-selling whiskies in the world.
ABDL has announced the successful acquisition of Minakshi Agro Industries Limited Liability Partnership (MAILLP). The definitive agreements and other required transaction documents were signed on December 10, 2024, finalising the acquisition. Consequently, MAILLP is now a fully owned subsidiary of ABDL.
This acquisition follows an initial announcement made on October 29, 2024, and it strengthens ABDL’s strategic expansion plans. The integration of MAILLP is anticipated to improve ABDL’s business operations and widen its market presence. The acquisition reflects ABDL’s continuous dedication to enhancing its portfolio and expanding its footprint in the industry.
Allied Blenders and Distillers Limited has reported impressive earnings growth for Q2 FY25, supported by new ventures. The company’s income for Q2 FY25 increased by 14.8% to ₹2,031 crore, with profit after tax (PAT) surging by 324.8%. ABDL is also expanding into luxury spirits and has begun exporting to 22 countries, thereby boosting its market presence.
Minakshi Agro Industries is a well-established agro-processing company in India, primarily involved in the production and distribution of agro-based products. The company is dedicated to processing high-quality agricultural commodities to satisfy the increasing demand for food products both domestically and internationally.
Minakshi Agro Industries LLP is a limited liability partnership firm that was incorporated on 10 January 2022. It is registered with the Registrar of Companies in Mumbai, and its total obligation of contribution amounts to ₹50,000.
The last financial year for which Minakshi Agro Industries LLP submitted its Statement of Accounts and Solvency ended on March 31, 2024. According to the records from the Ministry of Corporate Affairs (MCA), the most recent financial year-end date for which the Annual Return was filed is also March 31, 2024.
At 2:12 PM, on the NSE, the share price of Allied Blenders and Distillers Ltd. traded at ₹374.20 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 11, 2024, 3:10 PM IST
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