date:Mar 08, 2013
Allied Blenders Distillers (ABD), an India-based manufacturer of Indian made foreign liquor (IMFL), is close to secure $100m to expand its network and invest in emerging brands in the country.
The funds, which would be ready by the first quarter of 2013-14, will be used to set up a distillery in West India.
Out of the $100m funds, the distillery will raise $50m through private equity and the rest will be accounted for by debt, reported Business Standard.
The distillery has selected financial