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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The maker of Officer’s Choice whisky may have lost ground to peers but Chhabria is hoping new leadership and a course correction will sway investors.
For an initial public offering that has been over a decade in the making, Kishore Chhabria may have chosen to list his Allied Blenders and Distillers at the most uncertain of times. High interest rates, cuts in GDP growth estimates and spiraling inflation have left investors jittery.
It’s not just about the timing. The ABD chairman has also chosen to take his company public when it’s well past its peak. Sales of its best-selling whiskies, including Officer’s Choice, have stagnated and ABD has lost ground to peers such as Diageo India (earlier United Spirits) and Pernod Ricard India.
The country’s …
