India's SOM Distilleries jumps on liquor-making deal

Som Distilleries and Breweries

17/10/2023 07:09

** Shares of SOM Distilleries Breweries & Wineries  SDB.NS 
rise as much as 3.91% to 355 rupees apiece
    ** Rise after the alcoholic beverages maker signed a
strategic contract manufacturing agreement in Jammu and Kashmir
to make Indian-made Foreign Liquor (IMFL)
    ** Deal to lead to shorter turnaround time for supply of
products to northern India and border regions -  SDB
    ** Including today's gains, SDB up 198% in 2023 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))