Allied Blenders shares rise after promoter sells 55 lakh shares
Allied Blenders shares rose over 6% on September 24, 2026, after co-promoter Bina Kishore Chhabria sold 55,00,000 shares to comply with minimum public shareholding requirements.
The shares were sold at ₹650.17 each and represented approximately 1.97% of Allied Blenders and Distillers Limited’s total equity. The transaction was disclosed to the BSE and NSE on September 22, ahead of a divestment window running from September 23 through October 31, 2026.
Before the transaction, the promoter and promoter group held 80.91% of the company, above the 75% ceiling for promoter holdings in listed companies under SEBI rules.
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Allied Blenders shares draw institutional buyers
Abu Dhabi Investment Authority acquired 15,03,426 shares, representing 0.54% equity, at ₹650 per share. SBI Mutual Fund bought 34,00,725 shares, or 1.22% equity, at the same price.
The company’s stock traded at ₹697.05 at 1.30 pm, up ₹40.65, or 6.19%, from its previous close of ₹656.40. It reached an intraday high of ₹704.40.
Allied Blenders listing details
Allied Blenders and Distillers is listed on Indian exchanges, has been listed since July 2024, is categorised under Breweries and Distilleries, and is part of the Nifty 500 index.
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