IndoBevs in talks with multiple bankers for Rs 150 crore fund raise
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IndoBevs is in talks with multiple bankers to raise Rs 150 crore in debt.
- ✓The company wants to use this money to grow its manufacturing and distribution.
- ✓IndoBevs got a 32% increase in profit after tax for FY26.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
IndoBevs is seeking to raise Rs 150 crore in debt to enhance its manufacturing and distribution capabilities. The company aims to strengthen its presence in domestic and international markets through this funding. IndoBevs has witnessed substantial growth, with a 32% increase in profit after tax for FY26. The alcohol beverage sector is increasingly focusing on premium products, driven by changing consumer preferences.
New Delhi: Homegrown spirits maker IndoBevs is in talks with multiple bankers to raise Rs 150 crore in debt to support manufacturing capacity and distribution expansion as competition in the alcobev sector escalates, executives aware of the developments said. The maker of BroCode and WingMan spirits is said to be in talks with Axis Bank, SBI, HDFC, Kotak and PNB for the fund raise. “The infusion of the funding will be aimed at deepening presence across domestic and international markets where BroCode is gaining traction,” one of the executives said.
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The Economic Times
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