Announced Tue, 30 Jun · 11:20 IST
BCL Industries Completes Svaksha Distillery Acquisition; Now Wholly Owned Subsidiary
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₹34.64
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AI summary
BCL Industries has completed acquiring the remaining 25% stake in Svaksha Distillery Limited for Rs 55 crore, covering 14,98,632 equity shares. Svaksha is now a wholly owned subsidiary. Svaksha has 350 KLPD installed capacity, and its revenue grew nearly 4x from Rs 187 crore in FY23 to Rs 899 crore in FY26. The acquisition strengthens BCL's leadership in the grain-based ENA and ethanol industry and is expected to drive operational synergies.
Likely market impact
Svaksha becomes wholly owned subsidiary, improving operational integration and capital allocation. Likely positive for long-term growth and margins.