Announced Tue, 30 Jun · 11:03 IST
BCL Industries completes acquisition of Svaksha Distillery; now wholly owned subsidiary
BCLIND · price
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Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹33.71
prior close
₹34.08
base price
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AI summary
BCL Industries has completed acquiring the remaining 25% stake in Svaksha Distillery Limited for Rs 55 crore in cash, making it a wholly owned subsidiary. The deal involved 14,98,632 equity shares. Svaksha has a 350 KLPD installed capacity, with revenue growing nearly 4x from Rs 187 crore in FY23 to Rs 899 crore in FY26. This strengthens BCL's grain-based ENA and ethanol business with full operational integration and synergies.
Likely market impact
Positive for shareholders - Svaksha fully consolidated, unlocking full operational synergies and better capital allocation in core distillery business.