Allied Blenders and Distillers Limited — JV/Acquisition, 04-11-2025: Amalgamation/Merger
04-11-2025 | 08:03 pm
04-11-2025 | 08:03 pm
Allied Blenders and Distillers (ABDL) has approved the merger of its wholly-owned subsidiaries, Deccan Star Distilleries and Sarthak Blenders & Bottlers, into itself. This move aims to simplify the group structure, reduce operational costs, and improve administrative efficiency.
As these are wholly-owned entities, no new shares of ABDL will be issued, ensuring no dilution for existing shareholders. There is no share swap or cash consideration involved. The appointed date for the merger is April 1, 2025. This consolidation is a strategic step towards streamlining ABDL's overall business, which had a net worth of ~1606.44 Cr and total income of ~3728.91 Cr as of September 30, 2025.
No comments yet. Be the first to comment!
All announcements from Allied Blenders and Distillers Limited
