MUMBAI: Kishore Chhabria-promoted Allied Blenders & Distillers (ABD) has bought a Telangana based grain spirit distillery Shasta Bio Fuels for around Rs 200 crore as it tries to boost in-house production, especially in one of the country’s largest liquor market. ABD will make an additional investment of Rs50 crores to upgrade the distillery, part of its strategy of backward integration for supply of essential raw materials. “This is the first grain distillery of the company. With ..
Source: Economic TimesKishore Chhabria-promoted ABD acquires Shasta Bio Fuels for Rs 200 crore
Industry: Other 2015-11-30
