Allied Blenders & Distillers

Allied Blenders & Distillers (ABD), the Indian spirits manufacturer best known for its Officer’s Choice whisky, has approved the acquisition of production assets from National Industrial Corporation (NICOL) in a deal valued at up to 110 crore ($12.1 million). The transaction, cleared by the company’s board on 16th January, involves the purchase of land, buildings, plant, machinery and licences at a non-operational facility in Moradabad, Uttar Pradesh. The total investment …