Archive · 14 Aug 2025
Allied Blenders Drops Plan to Acquire Stake in Distillery
Allied Blenders and Distillers decided not to buy a big part of Good Barrel Distillery.
They said they will still look for ways to grow their business, both by themselves and by buying other companies.
Since the deal was still in the beginning stages, dropping it won't cause any problems for them.
The company's stock price slightly decreased at the end of the day.
Allied Blenders and Distillers has dropped its plan to acquire a 51% stake in Good Barrel Distillery.
The company stated it will explore organic and inorganic growth opportunities.
The withdrawal will have no material or financial impact.
The transaction was at a preliminary stage.
Shares of Allied Blenders and Distillers Ltd ended at ₹491.60, down by ₹2.00, or 0.41%, on the BSE.
- Who
- Allied Blenders and Distillers Ltd
- What
- Allied Blenders and Distillers dropped a plan to acquire a 51% stake in Good Barrel Distillery.
- When
- Not explicitly stated.
- Where
- Not explicitly stated.
- Why
- Not explicitly stated.
- Company
- Allied Blenders and Distillers Ltd
- Action
- Withdrawal of acquisition plan
- Target
- Good Barrel Distillery
- Stake Planned
- 51%
- Impact
- No material or financial impact
- Share Price Change
- ₹2.00 decrease
- Stock Exchange
- BSE