&w=3840&q=100)
Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard
The report further added that, if successful, Tilaknagar Industries will fund the deal through a combination of debt and equity. It did not mention the valuation of the proposed deal. However, according to previous reports, the deal could amount to $600-$650 million.
Tilaknagar has been a frontrunner for the acquisition since last year. It entered the whisky segment in 2012 using its flagship Mansion House brand, however, over 90 per cent of its sales still come from brandy. The deal could act as big jump for the company as Imperial Blue is the third-largest whisky brand in India.
Why is Pernod Ricard selling Imperial Blue?
Imperial Blue, a major whisky brand in India by volume, is reportedly being considered for sale as part of a broader strategic review by its parent company, Pernod Ricard. The brand, which occupies the "deluxe" segment—positioned between mass-market and premium categories—sold 22.2 million cases in 2024. This represented only a marginal increase compared to the previous year.
Imperial Blue is currently the third-largest whisky brand in India, with an 8.6 per cent share of the domestic market. It trails behind McDowell's and Royal Stag. Over the past five years, the brand has experienced a slow decline in overall sales volumes, with a 4 per cent drop recorded during that period.
Imperial Blue was originally launched in India in 1997 by Seagram, a Canadian distiller. In 2001, following the global sale of Seagram's business, Pernod Ricard acquired its India operations.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Time of India
4 hours ago
- Time of India
Capgemini to acquire WNS; Musk's America Party
Capgemini to acquire WNS; Musk's America Party Also in the letter: Capgemini's $3.3 billion WNS buy: big move, big questions Why it matters: The AI twist: WNS in numbers: FY25 revenue: $1.31 billion (down around 0.6% YoY) $1.31 billion (down around 0.6% YoY) Operating margin: 18.7% 700+ clients, 64,000+ employees Operations in 13 countries from 64 delivery centres What analysts think: Market vibes: Also Read: America Party: Musk's move to break up the 'uniparty' system Trump fires back: The backstory: Next steps unclear: Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Bombay HC puts Rs 170 crore GST demand on Go Digit under review The details: What Digit said: Go Digit's financials: Q4 FY25 net profit: Rs 116 crore (up 119% YoY) FY25 net profit: Rs 424 crore (up nearly 3x YoY) FY25 gross written premium: Rs 10,282 crore Big picture: Amazon Now expands quick commerce offering in Delhi after Bengaluru Expansion into Delhi: Growing competition: Professors turn founders amid the new deep tech gold rush Why the shift? VCs are watching: Big names jumping in: Manoj Gopalkrishnan left IIT Bombay to launch Algorithmic Biologics after his Covid research took off. IIT Madras's Satya Chakravarthy has co-founded six deep tech startups. The takeaway: French IT major Capgemini will acquire Indian-origin BPO firm WNS in a $3.3 billion cash deal This and more in today's ETtech Top 5.■ Go Digit's GST reprieve■ Amazon Now in New Delhi■ Professors turn foundersFrench tech giant Capgemini is set to acquire WNS , an Indian-origin business process management (BPM) firm, for $3.3 billion (about Rs 28,280 crore) in cash. That's $76.50 per share, a 17% premium to WNS's recent closing founded in Mumbai and now US-listed, specialises in BPO ( business process outsourcing) and data analytics for clients like Coca-Cola, T-Mobile, and United Airlines. Capgemini expects the deal to immediately boost revenue growth and margins, and lift earnings per share by up to 7% by is betting big on merging WNS's deep domain expertise with its AI capabilities, think Gen AI and Agentic AI, to create advanced, data-driven services. WNS CEO Keshav Murugesh says it's about shifting from 'automation to autonomy' and helping clients cut operating costs by as much as 40%.Morgan Stanley analysts flagged that AI could make BPO a more automated, less people-intensive sector, potentially reducing revenues and increasing competition. They also noted WNS is too small to dramatically move Capgemini's around $25 billion needle but adds around 19% to shares slid around 5.6% after the announcement, hitting their lowest level since April. Investors are wary of the short-term balance sheet impact and long-term AI Elon Musk, neither Democrats nor Republicans can effectively address government overspending and bureaucratic red tape in the US. So he's decided to strike out on his own , launching the America Party, an uncommon third front in the country's polarised matters into his own hands: 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk declared on X on July 5. He conducted a poll among his 228 million followers, with roughly 65% voting in favour of forming a new party. Staying true to the result, he announced: 'Today, the America Party is formed to give you back your freedom.'President Trump slammed Musk's move on Truth Social, calling it 'ridiculous' and predicting it would lead to 'complete and total disruption and chaos.' He also hinted at retaliatory measures against Musk's companies. Musk brushed it off , quipping: 'Truth Social? Never heard of it.'Musk has flip-flopped across the aisle. He backed Barack Obama (vocally and financially), gave a tepid nod to Hillary Clinton, and claimed he'd vote for Biden (but reportedly didn't). In 2022, Musk turned sharply red, calling Democrats the 'party of division and hate.' But after falling out over Trump's 'Big, Beautiful Bill' in 2025, Musk decided to go has teased ideas for the party's first congress on X, but so far, the America Party has not been formally registered with the Federal Election Commission (FEC). Gaining ballot access across states will be a major Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Goyal, chairman, Go DigitThe Bombay High Court has set aside a Rs 170 crore tax demand against Go Digit General Insurance and asked tax authorities to review the demand included Rs 154.8 crore in GST ( goods and services tax) and Rs 15.48 crore in penalties for the period between July 2017 and March 2022. The court noted that the GST Council had issued circulars clarifying this issue and directed officials to reconsider the demand within three company called it an 'industry-wide issue' and is evaluating the legal implications. It hasn't yet received the formal pause gives the Fairfax-backed insurer some breathing room just as it's coming off a strong third straight profitable year. The final outcome will be key as Digit scales quick commerce business, Amazon Now, has been expanded to a few pincodes in Delhi after the service went live in Bengaluru in June, two company executives told ET. The ecommerce giant will be scaling the service across these two cities over the next few months before expanding the network to other cities in the country.'It's a large part of western Delhi right now, but it's a very rapidly evolving network, so you'll very soon see it live across Delhi,' said Abhinav Singh, vice president of operations for India and Australia at company's move into quick commerce comes at a time when the space has seen aggressive growth led by players like Eternal-owned Blinkit, Swiggy's Instamart, Zepto, along with other new entrants like Tata Digital-backed BigBasket, Flipkart Minutes, and Reliance's top tech professors are swapping classrooms for cofounder titles . Startups launched by faculty at IISc, IITs, IIITs, and BITS Pilani are up 20–30% year over decades, professors stuck to research papers over pitch decks. Now, success stories like Ather Energy and Agnikul Cosmos are inspiring a new generation to build, not just love these deep tech ventures. 'We've backed about eight or nine professor-led startups, it's a growing trend,' says Ashwin Raghuraman of Bharat Innovation know their tech inside out and with campus incubators stepping up, they're finally taking the leap. Investors see them as a gold mine for IP-heavy, globally competitive plays.
&w=3840&q=100)

Business Standard
4 hours ago
- Business Standard
Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard
Mansion House brandy maker Tilaknagar Industries has entered into exclusive negotiations to acquire Imperial Blue whisky from French spirits group Pernod Ricard, Moneycontrol reported on Monday, citing sources. The report further added that, if successful, Tilaknagar Industries will fund the deal through a combination of debt and equity. It did not mention the valuation of the proposed deal. However, according to previous reports, the deal could amount to $600-$650 million. Tilaknagar has been a frontrunner for the acquisition since last year. It entered the whisky segment in 2012 using its flagship Mansion House brand, however, over 90 per cent of its sales still come from brandy. The deal could act as big jump for the company as Imperial Blue is the third-largest whisky brand in India. Why is Pernod Ricard selling Imperial Blue? Imperial Blue, a major whisky brand in India by volume, is reportedly being considered for sale as part of a broader strategic review by its parent company, Pernod Ricard. The brand, which occupies the "deluxe" segment—positioned between mass-market and premium categories—sold 22.2 million cases in 2024. This represented only a marginal increase compared to the previous year. Imperial Blue is currently the third-largest whisky brand in India, with an 8.6 per cent share of the domestic market. It trails behind McDowell's and Royal Stag. Over the past five years, the brand has experienced a slow decline in overall sales volumes, with a 4 per cent drop recorded during that period. Imperial Blue was originally launched in India in 1997 by Seagram, a Canadian distiller. In 2001, following the global sale of Seagram's business, Pernod Ricard acquired its India operations.
&w=3840&q=100)

India.com
4 hours ago
- India.com
Capgemini Acquires AI firm WNS In All Cash Deal, Read Key Deal Details
New Delhi: French consulting and technology group Capgemini announced on Monday that it will acquire UK-based digital business process services firm WNS in an all-cash deal worth USD 3.3 billion (not including WNS's net financial debt). Capgemini will pay USD 76.50 per share, which is a 17 Percent premium over WNS's closing share price on July 3, and a 28 Percent premium over the average share price of the past 90 days. Here are 10 key points about the deal in straightforward language: Deal Purpose: Capgemini says this acquisition will help it become a leader in "Intelligent Operations," using advanced AI (like agentic AI, which can act independently) to help businesses automate and improve their processes. Board Approval: The boards of both Capgemini and WNS have approved the deal, which is expected to be completed by the end of 2025. Premium Paid: The price per share (USD 76.50) is 17 Percent higher than WNS's last closing price and 28 percent higher than the average price over the last 90 days. WNS's Business: WNS has a strong business model with non-linear pricing and high profitability. Over the past three years, its revenue has grown by over 9% per year (in constant currency), reaching USD 1.27 billion in fiscal year 2025, with an 18.7 percent operating margin. Market Impact: Capgemini says that global companies need partners to help them transform and grow, which is driving demand for digital business process services. WNS is targeting revenue growth of 7-11 Percent for fiscal year 2026. Immediate Value: Capgemini expects the combination to quickly create value by allowing both companies to sell more services to each other's clients, and to better compete in the growing market for AI-powered business operations. Global Reach: The deal will make Capgemini a leader in digital business process services, with expertise across different industries and a global presence. Financial Impact: The combined digital BPS (business process services) revenues are expected to be about EUR 1.9 billion in 2024. Capgemini expects the acquisition to boost its revenue growth and operating margin right away, and to increase its earnings per share by 4 percent in 2026 (before synergies) and by 7 percent in 2027 (after synergies). Synergies: Capgemini expects to achieve additional revenue of EUR 100-140 million per year by 2027 from new business opportunities, and to save EUR 50-70 million per year from cost and operating efficiencies. AI Investments: The combination will also make use of Capgemini's significant investments in AI, including partnerships with Microsoft, Google, AWS, Mistral AI, and NVIDIA. Capgemini has stated that its financial targets for 2025 do not include this acquisition and remain unchanged: it expects revenue growth between -2.0% and +2.0% at constant currency, and an operating margin of 13.3-13.5 percent