Indian whisky maker Allied Blenders up 14% in pre-open debut trade at $935 mln valuation

Allied Blenders and Distillers

02/07/2024 05:18

BENGALURU, July 2 (Reuters) - Shares of Indian whisky
maker Allied Blenders and Distillers  ALLE.NS  climbed 13.9% in
pre-open debut trade on Tuesday, valuing the company - which
makes the 'Officer's Choice' and 'Sterling Reserve' brands of
whiskies - at 78.12 billion rupees ($935.2 million).
    The stock listed at 320 rupees on the National Stock
Exchange, compared with its offer price of 281 rupees.

($1 = 83.5370 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru; Editing by Janane
Venkatraman
)
 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))