Latest news with #TilaknagarIndustries
Time of India
9 hours ago
- Business
- Time of India
Tilaknagar to raise Rs 2,296 crore via preferential issue for Imperial Blue buy
Tilaknagar Industries said its board has approved a preferential issue of securities (equity shares and warrants) worth Rs 2,296 crore to fund its recent acquisition of Imperial Blue whiskey from Pernod Ricard. The issue price will be Rs382 per security and 44 investors are participating in this issue, including promoters and existing investors. On Tuesday, Tilaknagar's share rose 0.27% to close Rs 510.45 a piece. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare MBA Product Management Technology Degree CXO others Data Science Project Management Public Policy Finance Artificial Intelligence Cybersecurity PGDM Management Design Thinking Operations Management MCA Data Analytics healthcare Data Science Leadership Others Digital Marketing Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details 'Of these, nine investors are subscribing through equity shares, contributing approximately Rs549 crore. The remaining 35 investors are participating through warrants, raising around Rs1,747 crore,' it said in its filing. As per the terms, Rs437 crore or a quarter of the warrants issue size will be payable at the time of allotment of warrants, while the balance Rs1,310 crore will be received upon conversion into equity shares. While the promoter group is participating in the issue led by Amit Dahanukar , who will subscribe warrants worth Rs306 crore, other investors include Axana Estates LLP, SMALLCAP World Fund Inc, TIMF Holdings, Funds managed by Abakkus Asset Manager Private Limited, Bandhan Mutual Fund , Arpit Khandelwal, among high-net-worth individuals. Last week, Tilaknagar signed an agreement to acquire Imperial Blue for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for about two-thirds of India's spirits market. Tilaknagar, which sells Mansion House brandy, had said it will raise upto Rs6500 crore, including upto Rs2,500 crores in equity or equity linked securities and the remaining in debt securities in one or more tranches.
Reuters
4 days ago
- Business
- Reuters
Pernod Ricard sells Imperial Blue whisky to India's Tilaknagar for $486 million
PARIS, July 23 (Reuters) - France's Pernod Ricard ( opens new tab has agreed to sell its Imperial Blue whisky brand to India's Tilaknagar Industries ( opens new tab for an enterprise value of 412.6 million euros ($486 million), as the spirits group boosts its focus on premium labels. Pernod Ricard sold 22.4 million 9 litre cases of Imperial Blue whisky in the fiscal year ended March 2025 across India and other markets. Its sale of the brand includes a 28 million euro deferred payment due four years after the deal closes. The world's second-largest Western spirits maker by revenue after Diageo (DGE.L), opens new tab on Wednesday said the deal would be "immediately and meaningfully accretive" to Pernod Ricard India's margin and sales growth upon closing. The French group has been streamlining its business and focusing on its core portfolio of pricey, global brands amid a sector-wide downturn in sales. Chairman and CEO Alexandre Ricard said the sale would "sharpen our focus on more profitable and faster growing brands in India, as in the rest of the world". Jean Touboul, CEO of Pernod Ricard India, said the deal would notably allow Pernod Ricard to allocate resources more effectively towards high-growth brands in India such as Royal Stag and Blenders Pride, as well as international brands like Chivas, Jameson, Absolut and Ballantine's. Pernod Ricard sees India, the group's second-largest market after the United States, as key to future growth. Alcohol sales in India are projected to hit $61.35 billion in fiscal 2025–26, showed data from analytics firm CRISIL. Imperial Blue, a leading mass-market whisky, competes with United Spirits' McDowell's No.1 in India. Pernod Ricard regards it as a local-value brand, less central than its premium global labels like Chivas Regal. For Tilaknagar Industries, a dominant player in India's brandy market with Mansion House, the deal marks a strategic shift into whisky - a faster-growing, higher-margin segment. Earlier this month, Reuters reported that Inbrew Beverages and Tilaknagar Industries each sought to bid around $500 million for Imperial Blue. Global spirits makers are reworking strategies as post-pandemic liquor demand slumps amid inflation, interest rate hikes, tariff risk and shifting consumer habits. ($1 = 0.8491 euros)
Yahoo
6 days ago
- Business
- Yahoo
Pernod Ricard to sell Imperial Blue arm to India's Tilaknagar Industries
Pernod Ricard has agreed to the sale of its Imperial Blue whisky business 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
Business Standard
6 days ago
- Business
- Business Standard
Barometers edge lower in early trade; Nifty below 25,200 level
The domestic equity indices traded with minor losses in early trade. The Nifty traded below the 25,200 level. Pharma, metal and PSU bank shares advanced while IT, private bank and financial services shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, shed 175.81 points or 0.21% to 82,551.83. The Nifty 50 index shed 34.95 points or 0.14% to 25,185.50. In the broader market, the S&P BSE Mid-Cap index shed 0.23% and the S&P BSE Small-Cap index rose 0.17%. The market breadth was strong. On the BSE, 1,314 shares rose and 941 shares fell. A total of 152 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,209.11 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,358.52 crore in the Indian equity market on 23 July 2025, provisional data showed. Stocks in Spotlight: Tilaknagar Industries added 2.48% after the company has signed definitive agreement to acquire the Imperial Blue business division from Pernod Ricard India via slump sale, for a lump sum consideration, basis enterprise value of euro 412.6 million (approximately Rs 4,150 crore as on date). Dr Reddys Laboratories rose 2.85% after the companys consolidated net profit increased 1.8% to Rs 1418.10 crore on 11.4% increase in net sales to Rs 8,545.20 crore in Q1 FY26 over Q1 FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.10% to 6.318 from the previous close of 6.312. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.2500 compared with its close of 86.4125 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.39% to Rs 99,125. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 97.13. The United States 10-year bond yield rose 0.11% to 4.394. In the commodities market, Brent crude for September 2025 settlement rose 20 cent or 0.29% to $68.71 a barrel. Global Markets: Asian market traded higher on Thursday as fresh trade developments between the U.S. and Japan, alongside encouraging signals of a deal with the European Union, buoyed investor sentiment. Investor focus shifted to Washingtons evolving trade strategy, with U.S. President Donald Trump setting his sights on the European Union after finalizing a sweeping agreement with Japan. Negotiators from both the U.S. and EU are now under pressure to strike a deal by August 1, as the Trump administration appears firm on its tariff timeline. On Tuesday, the U.S. and Japan sealed what Trump described as "the largest trade deal in history." The agreement includes a $550 billion investment from Japan into the U.S. economy. In return, tariffs on Japanese exports to the American marketranging from automobiles to agricultural goodshave been reduced to 15% from the previously proposed 25%. Trump hailed the deal as a mutually beneficial win that opens Japans markets to U.S. cars, trucks, and farm products. Economic data from Japan, however, painted a mixed picture. The au Jibun manufacturing PMI dropped to 48.8 in Julys preliminary reading, below expectations of 50.2 and down from 50.1 in June, signaling a mild contraction. On the other hand, the services sector showed resilience, with the services PMI rising to 53.5 from 51.7 a month earlier. Overnight on Wall Street, U.S. equities finished higher after Trump promoted his trade accomplishments with Japan and Indonesia on Truth Social. He also hinted at easing tariffs if other nations opened their markets to American goods. Adding to the momentum, Washington unveiled its new AI Action (WA:ACT) Plan. The Dow Jones Industrial Average jumped 1.14% to a six-month high, while the S&P 500 gained 0.78% and the Nasdaq Composite added 0.61%.
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Business Standard
6 days ago
- Business
- Business Standard
Tilaknagar Industries shares hit life-high on Imperial Blue business deal
Shares of Tilaknagar Industries rose nearly 5 per cent to a fresh record high on Thursday after it announced the acquisition of Imperial Blue business division for an enterprise value of ₹4,150 crore. The breweries and distilleries stock rose as much as 4.9 per cent during the day to a life-high of ₹496.5 per share. The stock pared gains to trade 1 per cent higher at ₹479 apiece, compared to a 0.02 per cent decline in Nifty 50 as of 10:40 AM. Shares of the company advanced for teh ninth straight session and are up nearly 45 per cent in the process. The counter has risen 12 per cent this year, compared to a 6.5 per cent advance in the benchmark Nifty 50. Tilaknagar Industries has a total market capitalisation of ₹9,240.07 crore. Track LIVE Stock Market Updates Tilaknagar Industries to acquire Imperial Blue business The company entered into a definitive agreement to acquire the Imperial Blue business division from Pernod Ricard India via slump sale for a lump-sum consideration of 412.6 million euro (approximately ₹4,150 crore as on date), according to an exchange filing. The consideration includes a deferred payment of ₹282 crore, to be paid four years after the closure of the transaction. Imperial Blue will act as Tilaknagar Industries' launchpad for a significant whisky premiumisation journey, enabling the company to build a strong whisky portfolio across premium price points. 'We're excited to build on Imperial Blue's strong foundation and take it to new heights,' Amit Dahanukar, chairman and managing director of Tilaknagar Industries said. Imperial Blue is the third-largest whisky brand in India by volume, with over 25 years of brand heritage. The underlying business reported revenue of Rs 3,067 crore for the year ended March 2025, the company said in its release. The transaction is subject to approval from the Competition Commission of India, with closure anticipated in about six months from the signing of the definitive agreement. Clarification in Andhra liquor scam Shares of Tilaknagar saw some selling pressure on Monday, amid media reports that it is among a dozen alcohol firms that have been named in Andhra Pradesh liquor scam. However, the company said that it has not received any communication or information to this effect from any regulatory authority or enforcement agency, to date. About Tilaknagar Industries Tilaknagar Industries (TI) is one of India's leading alcoholic beverage companies. The company has over the years transformed in to a major player in the India Made Foreign Liquor (IMFL) industry having a manufacturing footprint of 19 units across 12 states.
