|₹653.65 / ₹283.8|
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Incorporated in Calcutta in Jul. '89, Associated Alcohols and Breweries commenced business in Aug. '89 and took over Associated Distilleries in Apr. '90. The company was promoted by B P Kedia and A K Kedia, scions of the Kedia family, which entered the liquor business two decades ago. Engaged in the manufacture of portable alcohol, it has a modern distillery in Khargone, MP. It also manufactures all kinds of potable liquor and blended liquor, under different brand names like Royal Falcon, Gold Seal, Jamaican Magic (rum), Karapov Vodka, etc. The company came out with a public issue in Dec.