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 …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
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