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An update from Allied Blenders and Distillers Limited ( (IN:ABDL) ) is now available.
Allied Blenders and Distillers Limited announced that it will not proceed with the acquisition of a 51% stake in Good Barrel Distillery Private Limited due to unresolved commercial considerations during due diligence. The decision to withdraw from the acquisition is not expected to have a material financial impact on the company, as the transaction was in its preliminary stages.
More about Allied Blenders and Distillers Limited
Allied Blenders and Distillers Limited operates in the alcoholic beverages industry, focusing primarily on the production and distribution of spirits. The company is known for its diverse range of products and aims to expand its market presence through both organic and inorganic growth strategies.
Average Trading Volume: 46,817
Technical Sentiment Signal: Strong Buy
Current Market Cap: 138.2B INR
For a thorough assessment of ABDL stock, go to TipRanks’ Stock Analysis page.