Impediments to fund raising have now been removed

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Ajay Sukumaran:  Oct 12 2012, 02:58 IST
The Kishore Chhabria led-Allied Blenders & Distillers (ABD) is now looking to chart a new growth map after Chhabria settled a nearly two-decade old legal battle with Vijay Mallya's UB Group earlier this week. Deepak Roy, executive vice-chairman and CEO of ABD tells FE's Ajay Sukumaran that the company hopes to push ahead with plans for a new distillery as the time is right for bold investments.

How do you view the developments, now that a long-standing legal battle has been settled?

It's business as usual. It's not that the Officer's Choice brand or the company was ever at any risk. It was basically an irritant because everytime it was made to appear in the press that our brand is at risk and this perhaps also put doubts in the mind of investors and customers. Now, we won't have to work hard in removing that.

It was a kind of a diversion, all this litigation was a drain on our resources, both physical as well as financial. Now, we can look forward and keep growing our business, which has been very buoyant over the last 5 years. We are the third largest (liquor) company and Officer's Choice is the world's largest selling whisky.

Also, all impediments towards raising funds that we need for growth have been totally removed. They had already been removed by the courts about three months back, but more importantly, there was a psychological effect in the mind of investors. That's also removed now.

As you focus on expansion, what's the vision

... contd.

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