Investment29 Jan 2026, 07:42 pm
Allied Blenders and Distillers to Invest up to INR 354 Crores in Subsidiary Minakshi Agro Industries LLP
AI Summary
Allied Blenders and Distillers Ltd. (ABD) announced that its Board of Directors approved additional capital contribution and financial assistance to its subsidiary, Minakshi Agro Industries LLP (MAILLP). The investment, not exceeding INR 354 Crores, aims to establish a state-of-the-art bottling facility and procure additional land for the project. The investment will be structured as Capital Contribution (up to 25%) and Corporate Guarantee for the balance 75% of the proposed debt to be raised by MAILLP.
Key Highlights
- ABD to invest up to INR 354 Crores in MAILLP
- Investment to establish a state-of-the-art bottling facility and procure additional land
- Investment structured as Capital Contribution and Corporate Guarantee
- MAILLP's turnover for FY 2024-25 was INR 1,589.64 Lakhs
- ABD acquired 98% of MAILLP's profit sharing ratio in October 2024