People familiar with the situation say the Chhabrias have brought in an adviser to map out alternatives, and the discussions are not public. One option on the table is a transaction with an industry buyer, with the family potentially selling a slice first and giving the acquirer room to build toward a controlling stake over time.
They are also evaluating trimming the position via block trades. It is early days, and there is no certainty anything gets signed. Representatives for both the family and Allied Blenders and Distillers declined to comment.
Allied Blenders and Distillers listed in Mumbai in July 2024. The business, started in Kolkata in 1988 by Kishore Chhabria, is among India's largest spirits makers and exporters, anchored by Officer's Choice whisky and a lineup that spans vodka, gin, rum, brandy and packaged water. The stock is up about 19% this year after bouncing from a March dip, helped by an 8.5% pop on Thursday. The company's market value is 200 billion rupees ($2.1 billion).
When ownership stakes change, it's a good time to reassess your long term plan. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.
As of Sept. 22 the family owned 80.91% of ABD. For everyday investors, any shift from a tightly held structure toward a broader float can change trading liquidity and who ultimately sets the strategy - worth watching if you track Indian consumer names.
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