Officer's Choice Maker Allied Blenders Gets Sebi's Nod For Rs 1,500-crore IPO

Allied Blenders and Distillers Ltd, the maker of Officer’s Choice Whisky, has received Sebi’s go-ahead to raise Rs 1,500 crore through an Initial Public Offering (IPO), an update with the markets regulator showed on Tuesday.<br>The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, according to the Draft Red Herring Prospectus (DRHP).<br>As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares.