Allied Blenders & Distillers in talks with Carlyle, Kedaara to raise Rs 600 Cr

Kishore Chhabria-promoted Allied Blenders & Distillers (ABD) is in talks with private equity firms Carlyle Group and Kedaara Capital to raise about Rs 600 crore to fund its working capital and premium portfolio expansion. The fund-raising is also seen as part of a broader strategy to go public in a year. “ABD has already signed a term sheet with both the companies. It is looking to sell 5-6% for about Rs 600 crore,” said two people privy to the plan. The company has mandated Rothschild and A ..