Allied Blenders and Distillers Limited has informed the Exchange regarding a press release dated Jun 10, 2025, titled "ABD Gains Worldwide Ownership of Mansion House Brand".
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Awaiting price reaction for this filing.
ABD's board has approved the 100% acquisition of Singapore-based UTO Asia Pte. Ltd. for a total consideration of €1,225,000 (excluding stamp duty and levies). UTO Asia has now become a wholly-owned subsidiary of ABD. Through this acquisition, ABD gains worldwide ownership rights (excluding 10 Southeast/East Asian countries like Singapore, Malaysia, Indonesia, Thailand, China, etc.) of the 'Mansion House' and 'Savoy Club' liquor brands. The binding transaction documents have been executed, and the deal is concluded with immediate effect. ABD is India's largest spirits company by sales volume, known for brands like Officer's Choice Whisky and Sterling Reserve. The company says the acquisition aligns with its strategic expansion objectives to strengthen its position, enhance brand presence, and facilitate growth in global markets outside the excluded territories.
Positive for shareholders — ABD strengthens its brand portfolio with internationally recognized whisky brands at a relatively modest acquisition cost, supporting long-term growth and global brand presence. However, the exclusion of 10 Asian territories (including major markets like China, Malaysia, and Indonesia) limits the full worldwide footprint of the acquired brands.