22 September 2024
Allied Blenders & Distillers Ltd., makers of Officer's Choice whiskey, is targeting double-digit growth in the current financial year after clearing out all its debts, which were settled from the proceeds of the initial public offering, according to Managing Director Alok Gupta. “Right now, we just have a working capital and no other debt sitting on our books," Gupta told NDTV Profit. "We are looking at interest costs coming down by almost 50%, which brings us cash in the system to drive growth."
Allied Blenders & Distillers Ltd., makers of Officer's Choice whiskey, is targeting double-digit growth in the current financial year after clearing out all its debts, which were settled from the proceeds of the initial public offering, according to Managing Director Alok Gupta. “Right now, we just have a working capital and no other debt sitting on our books," Gupta told NDTV Profit. "We are looking at interest costs coming down by almost 50%, which brings us cash in the system to drive growth."
.jpg?rect=0%2C0%2C1600%2C840&w=1200&auto=format%2Ccompress&ogImage=true)
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.