Allied Blenders and Distillers to Acquire 50% Stake in Kion Blenders Industries for Rs. 45 Crores

Allied Blenders and Distillers Ltd. has announced its decision to acquire up to 50% of the paid-up share capital of Kion Blenders Industries Private Limited (KION) from its existing shareholders. This acquisition will make KION a subsidiary of Allied Blenders and Distillers. The acquisition is aligned with the company's growth strategy and is expected to enhance distillation capacity across key markets, improve margins, and strengthen supply security. The total investment for the project is approximately Rs. 300 crores, with Allied Blenders and Distillers and the other shareholder each investing up to Rs. 45 crores in tranches. The distillery is expected to be commissioned by Q4FY28, subject to all regulatory approvals.