Latest news with #TilaknagarIndustriesLtd
Business Upturn
30-07-2025
- Business
- Business Upturn
Why are Tilaknagar Industries shares down 5% today? Details here
Tilaknagar Industries Ltd (NSE: TI) saw its shares fall 5% in Wednesday's trade following a major fundraising announcement. As of 9:54 AM, the shares were trading 3.88% lower at Rs 490.25. The company's board has approved a preferential issue of securities, including equity shares and warrants, to raise approximately ₹2,296 crore. The issue price has been set at ₹382 per security, representing a discount of nearly 25% to the current market price, which triggered investor concerns and a negative reaction on the stock. The preferential allotment is being offered to 44 investors, including promoters and other existing institutional stakeholders. One of the most significant aspects of this issue is the participation of the promoter group, with Mr. Amit Dahanukar, the company's Chairman and Managing Director, subscribing to warrants worth around ₹306 crore. This move is being seen as a strong show of confidence in the company's future prospects. Tilaknagar Industries plans to use the proceeds from this capital raise primarily for acquiring the Imperial Blue business division, a strategic expansion that could bolster its product portfolio and market share in the competitive IMFL space. A part of the funds will also be allocated for general corporate purposes. The company stated that this preferential issue, coupled with an upcoming debt raise, is part of a balanced financing strategy to fund the acquisition and drive long-term growth. Tilaknagar Industries shares opened at ₹499.00 and touched a high of ₹517.25 during the day, while the low was ₹481.00. The stock had closed at ₹510.05 in the previous session. Its 52-week range spans from a low of ₹199.53 to a high of ₹524.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
25-07-2025
- Business
- Business Standard
India liquor stocks rally on UK trade deal, premium spirits focus
Shares of India's Tilaknagar Industries Ltd and Allied Blenders & Distillers Ltd have surged more than 40 per cent since late April Bloomberg Indian alcoholic beverage stocks have outperformed global peers over the past three months on the back of a newly-signed UK trade deal and a focus on premium spirits. 'We expect momentum in the second half to hold,' partly fueled by the UK accord and continued premiumization in the market, said Ajay Thakur, an analyst at Anand Rathi Securities. The UK-India trade deal signed Thursday will halve import tariffs on whisky and gin to 75 per cent before reducing them to 40 per cent in a decade. That's expected to lower costs and improve margins for distillers in the South Asian nation, which often blend imported Scotch whisky with domestic grain-based spirits. Radico Khaitan Ltd plans to ship in ₹250 crore ($29 million) worth of bulk Scotch in fiscal 2026 and stands to benefit from the accord, ICICI Securities Ltd wrote in a note in June. Its shares have gained 10 per cent in the last three months. At the same time, the country's drinkmakers are expanding into premium booze to tap consumers at home and abroad. On Thursday, Tilaknagar said it will enter the Indian whisky market by buying Pernod Ricard SA's Imperial Blue brand. Still, volatility in input prices may stymie the stocks' rally, particularly given the inconsistent supply of broken rice, a key material in alcohol production. Rising competition in the premium segment is another concern. Even so, more companies breaking into the luxury liquor market can help increase brand awareness and support overall industry growth, said Thakur.
Bloomberg
25-07-2025
- Business
- Bloomberg
UK Trade Deal, Premium Booze Drives Rally in India Liquor Stocks
Indian alcoholic beverage stocks have outperformed global peers over the past three months on the back of a newly-signed UK trade deal and a focus on premium spirits. Shares of India's Tilaknagar Industries Ltd and Allied Blenders & Distillers Ltd have surged more than 40% since late April, beating a Bloomberg index of international rivals. The gains could continue, supported by easing input costs from the trade pact and a shift toward higher-end liquors.
Business Upturn
21-07-2025
- Business
- Business Upturn
Tilaknagar Industries shares fall 5% from day's high after Andhra liquor scam allegations surface
By Aditya Bhagchandani Published on July 21, 2025, 14:47 IST Shares of Tilaknagar Industries Ltd rose as much as 5.46% intraday to ₹443.90, before paring gains and trading nearly 6% below the day's high after reports emerged linking the company to an alleged liquor scam in Andhra Pradesh. The stock closed at ₹418.40, compared to the previous close of ₹396.75, with a market capitalization of approximately ₹81,400 crore. According to NDTV Profit and Informist, the Andhra Pradesh Police has named Tilaknagar Industries in an alleged liquor kickback scheme. Authorities claim the company allegedly paid about ₹218 crore (₹2.18 billion) in kickbacks to an Andhra liquor syndicate in exchange for lucrative orders. Between 2019 and 2024, the company reportedly received orders worth ₹1,472 crore (₹14.72 billion) in the state, the police report noted. These revelations have raised concerns among investors despite the stock's initial rally. On Monday, the stock saw high volatility: it opened strong, touching a high of ₹443.90 in the morning session, but fell sharply after the news broke, reflecting investor unease over potential legal and reputational risks. Company response to the allegations has not yet been made public at the time of writing. Market participants are closely watching for further clarification from Tilaknagar Industries and regulatory authorities. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Stock market investments are subject to market risks. Please consult your financial advisor before making investment decisions. 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.
Business Standard
21-07-2025
- Business
- Business Standard
Paradeep Phosphates Ltd leads gainers in 'A' group
Mastek Ltd, KIOCL Ltd, Tilaknagar Industries Ltd and K.P. Energy Ltd are among the other gainers in the BSE's 'A' group today, 21 July 2025. Mastek Ltd, KIOCL Ltd, Tilaknagar Industries Ltd and K.P. Energy Ltd are among the other gainers in the BSE's 'A' group today, 21 July 2025. Paradeep Phosphates Ltd spiked 11.27% to Rs 190.5 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 9.89 lakh shares were traded on the counter so far as against the average daily volumes of 1.66 lakh shares in the past one month. Mastek Ltd surged 9.83% to Rs 2736.6. The stock was the second biggest gainer in 'A' group. On the BSE, 1.38 lakh shares were traded on the counter so far as against the average daily volumes of 3896 shares in the past one month. KIOCL Ltd soared 6.85% to Rs 310.6. The stock was the third biggest gainer in 'A' group. On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 7799 shares in the past one month. Tilaknagar Industries Ltd added 6.46% to Rs 422.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 9.55 lakh shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one month. K.P. Energy Ltd rose 5.38% to Rs 540.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 79840 shares were traded on the counter so far as against the average daily volumes of 38073 shares in the past one month.
