Allied Blenders and Distillers Acquires Brands and Intellectual Property Rights from Fullarton Distilleries for INR 39.50 Crore

Allied Blenders and Distillers Ltd. has approved the acquisition of all brands and other Intellectual Property rights from Fullarton Distilleries Private Ltd. for a consideration of INR 39.50 crore, excluding applicable taxes and levies. The acquisition is in line with the company's strategic goal of expanding its portfolio in the premium alcoholic beverages segment and strengthening its market position. No governmental or regulatory approvals are required for the transaction, and it is expected to be completed within thirty days.