<http://www.dealcurry.com/2010067-Allied-Blenders-And-Distillers-To-Raise-Rs-50-Cr-From-PEs.htm>
*Allied Blenders and Distillers* is looking to raise upto Rs 50 Cr from PE funds to fund its expansion plans. The company would dilute 5-10% stake to raise the funds. It is negotiating with 3-4 foreign based funds for the funds. *Kishore Chhabria* promoted company has outlayed a Rs 250 Cr expansion plan over the next three years. This money would be spent in setting up a bottling unit, a distillery plant and launching new brands. Transaction Note The company with flagship brand *Officer's Choice* has been planning to shift focus from one brand and diversify into multiple brands for sometime now. Recently, it had launched Class Grain Vodka and Wodka Gorbatschow. It is planning to set up a Rs.120-crore distillery plant in the West Bengal with a capacity of 100 kl per day. It will be partly funded by PE and the rest by debt, however, the ratio has not been decided yet. It is also planning to set up a bottling unit in South India in the next 12-18 months. The company may also come out with a public offering in the next two years. * Recent Deals* Mumbai based *Indage Vintners* raised $4.55 Mn from *New Vernon PE Ltd* and Arisaig Partners India Fund in 2009. Indage has also raised $2 Mn from Reliance Capital in 2005. Indivision India Partners invested in Nashik Vintners by buying out GEM India Advisors 35% stake in the company for Rs $12.50 Mn in Aug-07. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
