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Officer's Choice Founders Eyeing Sale of Allied Blenders & Distillers Stake
M
Moneycontrol•25-09-2026, 16:39
Officer's Choice Founders Eyeing Sale of Allied Blenders & Distillers Stake
- •The Chhabria family, founders of Allied Blenders and Distillers Ltd. (ABD), is exploring options for a potential sale of their stake in the Indian liquor company.
- •The family is working with an adviser to consider selling a stake to a strategic buyer, potentially in phases to allow the buyer to build a controlling interest over time.
- •Other possibilities, such as paring their holding through block trades, are also being evaluated, though deliberations are still in early stages.
- •Bina Kishore Chhabria, a company promoter, plans to sell a 1.97% stake to meet minimum public shareholding requirements, reducing the family's shareholding from 80.91%.
- •Founded in 1988, ABD is a major Indian spirits company known for brands like Officer's Choice, with a market capitalization of 200 billion rupees ($2.1 billion).
Key Questions Answered
The Chhabria family is exploring options including a full or partial stake sale to a strategic buyer, allowing the buyer to build a controlling interest over time, or reducing their holding through block trades. Deliberations remain at an early stage.
Bina Kishore Chhabria sold a nearly 2 percent stake in Allied Blenders and Distillers through an open market transaction to meet minimum public shareholding requirements and norms.
Allied Blenders and Distillers was founded in Kolkata by Kishore Chhabria in 1988 and subsequently listed its shares in Mumbai in July 2024.
