Som Distilleries signs manufacturing agreement with Radico Khaitan; Stock down 2%

13 Oct 2022 , 12:44 PM

Som Distilleries & Breweries Ltd has informed to the stock exchanges that the compay has entered into a contract of manufacturing arrangement with Radico Khaitan Limited.

As per the filing, the contract agreement is for the manufacturing of their IMFL and Ready to Drink brands at company’s plant at Hassan, Karnataka.

“This will lead to better utilization levels of our IMFL facility”, Som Distilleries said on Wednesday.

At around 12:45 PM on Thursday, Som Distilleries & Breweries Ltd is currently trading at Rs119 per share down by Rs2.45 or 2.02% from its previous closing of Rs121.45 per share on the BSE.

The scrip opened at Rs123.70 per share and has touched a high and low of Rs124.35 per share and Rs117.05 per share respectively so far today. The current market cap of the company is Rs849.99 crore.

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