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Allied Blenders and Distillers Limited has acquired up to a 51% stake in Good Barrel Distillery Private Limited, with an option to purchase the entire paid-up share capital. This acquisition, costing INR 9 crore, is projected to harness revenue synergies by utilizing ABD's robust distribution network and expand its market presence both in India and internationally. Good Barrel, which was founded in October 2021, operates within the food and beverage services sector, generating INR 52 lakh in revenue for FY 2023-24, highlighting its growth potential. This strategic move positions ABD for enhanced operational efficiency and market penetration, suggesting a positive outlook for investors. The acquisition is expected to be completed within 60 days, further bolstering ABD's portfolio.
All announcements from Allied Blenders and Distillers Limited