Pernod Ricard to sell Imperial Blue arm to India's Tilaknagar Industries
The deal, announced yesterday (24 July) after weeks of speculation, gives the assets an enterprise value of €412.6m ($485.4m), Tilaknagar Industries said in a stock-exchange filing.
Tilaknagar Industries said the acquisition was the 'largest in the Indian alcoholic beverages space by an Indian company'.
In a statement, Pernod Ricard said the deal 'strengthens' its portfolio in the country, 'enabling the business to fully tap into premiumisation trends and support sustained, profitable growth'.
Jean Touboul, the CEO of Pernod Ricard's business in India, said the sale will allow the Absolut vodka owner to 'unlock further profitable growth and sharpen its focus on premiumisation and innovation'.
The agreement, which includes a €28m deferred payment due four years after the closing of the deal, covers "two owned units and services from co-manufacturing bottlers across India", Tilaknagar Industries added.
The deal, the business said, 'fast-tracks its foray" into India's whisky segment, which it described as "the largest IMFL [Indian-made foreign liquor] category in India".
The group, which markets brands including Mansion House whisky and Madiraa rum, said Imperial Blue is the third largest whisky brand in India by volume.
The business changing hands reported revenue of Rs30.67bn ($355.1m) for the year to the end of March, selling 22.4 million nine-litre cases.
Tilaknagar Industries added the acquisition 'significantly expands' its distribution reach, 'reinforcing its evolution into a truly pan-India player', with 'strong scale' across both brandy and whisky.
'Having achieved leadership in the brandy segment, it is now time for us tobroaden our portfolio and cater to India's diverse and evolving consumer base," Tilaknagar Industries chairman and MD Amit Dahanukar said.
"While we continue to grow our business organically, this strategic acquisition allows us to enter the whisky category with one of the country's most trusted and admired brands.'
"Pernod Ricard to sell Imperial Blue arm to India's Tilaknagar Industries " was originally created and published by Just Drinks, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Error al recuperar los datos
Inicia sesión para acceder a tu cartera de valores
Error al recuperar los datos
Error al recuperar los datos
Error al recuperar los datos
Error al recuperar los datos
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
2 hours ago
- Miami Herald
Donald Trump Issues New Threat to India
President Donald Trump issued a new tariff threat to India on Monday morning. The president posted on Truth Social, "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT" Just last week, Trump imposed a 25-percent tariff of all Indian goods coming into the United States from August 1 as well as an unspecified extra penalty for India's continued purchase of Russian oil amid the war in Ukraine. This is a breaking news story. Updates to follow. Related Articles Marjorie Taylor Greene Turns on GOP, Says Republicans Are Anti-WomenDonald Trump Gets Good News From Most Accurate PollsterTexas Democrats Who Fled Respond to Greg Abbott's Legal WarningTrump Says Weak Jobs Data 'Rigged' 2025 NEWSWEEK DIGITAL LLC.
Business Wire
3 hours ago
- Business Wire
Simandhar Education Named Exclusive Partner for Becker's CPA and CMA Exam Prep in India
ST. LOUIS--(BUSINESS WIRE)--Simandhar Education, one of India's leading professional education companies, has entered into an exclusive agreement with Becker, a global leader in accounting exam review and continuing professional education. With this partnership, Simandhar Education will be the sole authorized provider of Becker's CPA Exam Review and CMA Exam Review in India. The number of CPAs in India has grown over 450% since 2020. This partnership between Becker and Simandhar strengthens efforts to build a globally competitive accounting talent pipeline. This collaboration will allow both organizations to better meet the growing demand for CPAs and CMAs in India, as the number of licensed CPAs has grown by 450% since 2020 and continues to increase. As global organizations expand their footprint in India and Indian firms increasingly align with international accounting standards, this partnership between Becker and Simandhar Education is poised to play a key role in shaping the future of finance and accounting talent in the country. While Becker and Simandhar Education have had a long-term collaboration, this partnership expands on their shared vision to deliver the highest quality courses to help Indian accounting and finance professionals earn valuable credentials. Indian students will now benefit from a more comprehensive and localized learning experience that blends Becker's globally trusted exam review courses with Simandhar's expert instruction, mentoring, and career support. CPA and CMA candidates across India will gain access to Becker's best-in-class exam resources, including comprehensive textbooks and materials, an AI-powered study assistant, a customizable study planner, unlimited practice tests, and adaptive learning tools designed to boost exam readiness. These tools will be integrated with Simandhar's offerings such as live faculty-led classes, one-on-one guidance, industry-specific workshops, and placement support with top firms including the Big 4. 'This exclusive partnership is a major milestone in Simandhar's journey to make global accounting education more accessible and outcome-driven for Indian professionals,' said Sripal Jain, CA/US CPA & Co-Founder of Simandhar Education. 'Our mission has always been to bridge the gap between global qualifications and local talent, and this agreement with Becker further strengthens our ability to do that at scale. We're not just helping students pass exams, we're building future-ready professionals who can lead in a global finance environment.' Simandhar Education will leverage this partnership to deepen its presence across India — especially in Tier 2 and Tier 3 cities where interest in international accounting credentials is growing rapidly. At the same time, Becker strengthens its presence in India, one of the fastest-growing markets for global accounting certifications. 'This exclusive partnership underscores our commitment to providing exceptional opportunities for accounting professionals in India,' said Ed Clark, President of Becker. 'Becker's presence in India has grown by over 300% in the past five years. Now, this partnership allows us to empower more students to achieve their professional goals with confidence through world-class resources and structured local support.' About Becker For over 60 years, Becker has been a trusted partner to individuals and organizations in accounting and finance education. With expert instructors and innovative learning tools, Becker provides CPA, CMA, EA, and CIA Exam Review courses plus continuing professional education programs to support professionals throughout their careers. Nearly 2 million CPA candidates have prepared for their exams with Becker, which is recognized for maintaining the highest standards of success and quality in the industry. Visit for more information. About Simandhar Education Simandhar Education is a leading India-based professional education company specializing in training for global accounting and finance certifications including the US CPA, US CMA, Enrolled Agent, and IFRS. As Becker's exclusive CPA channel partner in India and an official AICPA channel partner, Simandhar combines access to world-class learning content with dedicated local academic mentoring and placement support. Through its comprehensive student-centric approach, Simandhar prepares Indian professionals for successful global accounting careers. Website:
Business Upturn
3 hours ago
- Business Upturn
'India is selling Russian oil for big profits': Trump vows major hike in tariffs on Indian imports
In a blistering post on Truth Social, U.S. President Donald J. Trump slammed India for allegedly reselling Russian oil at a profit and ignoring the humanitarian crisis caused by Russia's invasion of Ukraine. He announced his intention to 'substantially raise' tariffs on Indian goods entering the U.S. and impose additional penalties tied to India's continued trade ties with Russia. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine,' Trump wrote. India now faces the prospect of a double blow from the Trump administration: a blanket 25% tariff on all U.S.-bound goods and a separate penalty for its oil and defence procurements from Russia. Trump's remarks have reignited concerns over India's growing reliance on Russian crude, which has skyrocketed from just 0.2% of imports before the Ukraine war to 35–40% today. According to Kpler data, India's Russian crude imports stood at only 68,000 barrels per day (bpd) in January 2022. That figure surged to a peak of 2.15 million bpd in May 2023. Even today, Russia remains India's largest oil supplier with an average of 1.78 million bpd—far ahead of Iraq (900,000 bpd) and Saudi Arabia (702,000 bpd). India's shift toward Russian oil began after Western nations imposed sanctions on Moscow in response to its military operations in Ukraine. Russia offered steep discounts—up to $40 per barrel below the Brent benchmark—which incentivized Indian refiners to ramp up purchases. The Trump administration has long viewed India's ongoing oil trade with Russia as a geopolitical irritant. With Trump's fresh warning and the threat of economic penalties looming, India's energy strategy and global trade dynamics could face significant disruption. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
