Allied Blenders files Rs 1,500-cr IPO papers

New Delhi: Allied Blenders and Distillers Ltd, the maker of Officer’s Choice Whisky, has refiled preliminary papers with the capital markets regulator Sebi to raise Rs1,500 crore through an Initial Public Offering (IPO).

The initial share sale comprises fresh issuance of equity shares worth Rs1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs500 crore by promoters, draft papers file with Securities and Exchange Board of India (Sebi) showed on Thursday. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria, Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares.