India's Associated Alcohols & Breweries rises after approval to acquire SDF Industries

Associated Alcohols & Breweries

21/04/2026 09:48

** Liquor maker Associated Alcohols & Breweries' ASAL.NS shares rise 2.9% to 910.3 rupees

** National Company Law Tribunal approves co's 308.5 million-rupee ($3.30 million) acquisition of SDF Industries SUPR.BO

     ** The acquisition is expected to close within 30 days under the NCLT order, ASAL says

** ASAL trades at a trailing 12-month PE of 20.34 vs industry median of 17.55

** YTD, stock has fallen 4.6% vs 9.3% decline in the BSE fast moving consumer goods index .BSESCGIP

($1 = 93.5525 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))