Promoter Prassann Kumar Kedia increased his stake in Associated Alcohols & Breweries Ltd from 7.00% to 9.24% by acquiring 4,50,000 shares for ₹32.90 Cr at ₹731.20 apiece through a preferential allotment.
A manufacturer and trader of alcoholic beverages, Associated Alcohols & Breweries produces ethanol, Indian-made country liquor, and Indian-made foreign liquor for domestic consumption. The company also manufactures hand sanitizers, diversifying its product base beyond core spirits production. Operating across multiple segments of India's beverage industry, it serves both retail and commercial distribution channels with a focus on quality production and market reach.
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