Acquisitions16 Jan 2026, 02:19 pm
Allied Blenders and Distillers to Acquire Assets from National Industrial Corporation for ₹2110 Crores
AI Summary
Allied Blenders and Distillers Ltd (ABD) has approved the acquisition of assets relating to a Non-operational Distillery cum Bottling Facility in Uttar Pradesh from National Industrial Corporation Private Limited (NICOL) for an aggregate consideration of ₹2110 crores. The acquisition includes land, building, plant, machinery, licenses, and an additional ₹40 crores for upgradation of ground infrastructure and setting up a Bottling Unit. The acquisition is in line with ABD's growth strategy and aims to enhance its backward integration capabilities.
Key Highlights
- Acquisition cost of ₹2110 crores, including ₹70 crores towards acquisition cost and ₹40 crores for upgradation
- Acquisition to enhance backward integration capabilities and bottling capacity in Uttar Pradesh
- Facility is strategically located in Moradabad, Uttar Pradesh
- Acquisition to be completed by July 31, 2026, and upgradation within 12 months
- Funding through internal accruals and debt