Andhra Pradesh State Beverages Corporation Ltd., founded in 1993 and headquartered in Andhra Pradesh, India, serves as the sole wholesale distributor of liquor and beverages within the state. The company's primary purpose is to regulate and promote the sale of alcoholic beverages, ensuring compliance with state laws while maximizing revenue for the state government through its extensive distribution channels.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its establishment, Andhra Pradesh State Beverages Corporation has actively tapped into the bond market to finance its operations and expansions. The corporation first issued bonds in 2010, with significant issuances aimed at infrastructure development and operational enhancements. Currently, its bonds yield around 7%, which is competitive within the industry, appealing to retail investors. Notably, a 2021 issuance was earmarked specifically for modernization initiatives, reflecting the company's commitment to sustainability and efficiency in distribution.