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Karan Johar to join Adlab's board
Mumbai: Karan Johar the producer and director of several successful films is to be part of the board of directors of Adlabs Films as the Anil Ambani group moves to reconstitute the board following its Rs350 crore acquisition of the company.

Gautam Doshi, a director-in-charge of M&A at Anil Dhirubhai Ambani Enterprises (ADAE) will also join the six-member board. Vasanji Mamania, who sold his entire stake to the Anil Ambani group earlier this year, and Pradeep Guha, will quit their seats on the board.

Other board members include Adlabs founder Manmohan Shetty and his daughter Pooja Shetty.

Manmohan Shetty founded the company along with Mamania in 1978.
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Kishore Chhabria to acquire HRB distillery plant
Bangalore: Kishore Chhabria is acquiring HRB Group's distillery and bottling plant near Bangalore for an undisclosed amount.

The deal gives Chhabria access to the third wholly-owned distillery in the country, and the first in the south. Chhabria's three group companies — Tracstar Investments, Tracstar Distilleries and BDA Ltd — were involved in the transaction with HRB's Gemini Distilleries to effect a buyout of plant and machinery, real estate, and perpetual lease of excise licence, paving way for the takeover of the Bangalore plant.

The unit is expected to be operational in the next few months and could go on stream with a monthly bottling capacity of 50,000 cases, said sources. The plant also has the necessary approval for secondary distillation, enabling conversion of rectified spirit into extra neutral alcohol.
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