Allied Blenders and Distillers plans to raise Rs. 800 crore in Pre-IPO funding: Reports

The listing is expected in the next 18-24 months, says report.

Apr 29, 2015 04:04 IST India Infoline News Service

Allied Blenders and Distillers is planning to raise around Rs 800 crore in a pre-initial public offering (IPO) fund-raising.
Report said that the company is in talks with non-banking financial companies to raise the money. 
The listing is expected in the next 18-24 months, says report.
“Most of the funds will be employed towards acquiring bottling and distillation units,” Utpal Ganguli, vice-chairman reported.

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