India's Allied Blenders and Distillers files for $180m IPO

India's Allied Blenders and Distillers files for $180m IPO

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

Indian liquor company Allied Blenders and Distillers (ABD) on Wednesday filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo and Pernod Ricard.