ABD drops plan to acquire 51% stake in Good Barrel Distillery

Allied Blenders and Distillers Limited (ABD) has announced that it will not move forward with its proposed acquisition of a majority stake in Good Barrel Distillery Private Limited.

In a regulatory filing, the company said, “…we wish to inform you that as part of the due diligence process, certain commercial considerations emerged, which required renegotiation of specific terms. Despite best efforts, the parties could not reach mutually acceptable terms and hence the Board has decided not to proceed with the proposed acquisition.”

The company had earlier, on January 29, 2025, disclosed that its board had approved the acquisition of up to 51 percent stake in Good Barrel Distillery, with an option to acquire the entire paid-up share capital.

ABD clarified that the withdrawal will have no material or financial impact since the transaction was still at a preliminary stage. The company further stated that it will continue to evaluate both organic and inorganic growth opportunities.