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This acquisition follows the initial intimation made on October 29, 2024, and reinforces ABDL's strategic expansion efforts. The company’s acquisition of MAILLP is expected to enhance its business operations and broaden its market reach.
The music label’s rich history includes producing iconic soundtracks such as "Khalnayak," "Taal," "Pardes," and "Race", and continuing to push boundaries in the industry.
ICICI Securities has initiated coverage on Allied Blenders & Distillers with a 'Buy' rating and a target price of ₹400, implying a 24% upside from current market price of Rs 322
Allied Blenders and Distillers has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 1500 crore through an initial public offering (IPO).
Mumbai-based Allied Blenders and Distillers, largest Indian-owned Indian-made foreign liquor (“IMFL”) files Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise funds through 2000 crore IPO.