Allied Blenders to consider fundraising plan at May 15 board meeting
Published on 12/05/2025 07:28 PM
Allied Blenders to consider fundraising plan at May 15 board meetingAllied Blenders shares ended up 7.1% at ₹352.30 on the National Stock Exchange.By Poonam Behura May 12, 2025, 7:28:43 PM IST (Published)2 Min ReadAllied Blenders and Distillers Ltd said on Monday its board will consider a proposal to raise funds through various instruments, including equity shares, convertible securities, debentures or a qualified institutional placement, at its meeting on May 15.
The board will also review the company’s audited financial results for the year ended March 31, 2025, and may recommend a dividend, ABDL said in a stock exchange filing.
"Board of Directors at the said meeting shall also consider and if thought fit, approve the proposal for raising of funds either by way of issuance of Equity Shares and / or other securities including securities convertible into Equity Shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively “Securities”) by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) (‘QIP’) in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws," the company said in a statement.
The fundraising, if approved, would be subject to shareholder and regulatory approvals.
Established in 2008 and headquartered in Mumbai, Allied Blenders has a strong nationwide distribution network and a growing presence in overseas markets. The company operates across the entire value chain—manufacturing, bottling, distribution, and marketing—and offers a diverse portfolio that includes whisky, rum, vodka, and brandy. ABDL has steadily expanded its brand portfolio with premium offerings and continues to invest in innovation, brand-building, and operational scale.
Allied Blenders shares ended up 7.1% at ₹352.30 on the National Stock Exchange.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAllied Blendersfundraising