Tilaknagar Industries Share: The board of Tilaknagar Industries, the producer of India’s best -selling and second best selling brandy, will meet Tilaknagar Industries on July 23. The proposal to raise money from this meeting market will be considered. At present, the alcohol industry is closely keeping an eye on the news of the ongoing merger and acquisition in this sector.
On 7 July, Moneycontrol first informed that Tilaknagar Industries began a special conversation for the acquisition of Imperial Blue Whiskey, owned by veteran French company Pournode Richard, who was alcohol -making french company.
The Moneycontrol report further stated that if the conversation proceeds as per the plan, the final agreement between the two sides may be signed at the end of this month. It was also said that Tilaknagar Industries is working on a plan to raise funds from a date and equity mixture for the proposed deal.
In the revelations made by Tilaknagar Industries in the board meeting, it has been told that the work of raising funds will be done by issuing shares, debentures, warrant, preferred shares, bonds or other instruments. This process can be completed in one or more installments in one or more installments with recognized methods such as Public Off, Rights Issues, Private Placement, Preference Allotment, Qualified Institutional Placement (QIP) or their mixture.
Apart from this, Tilaknagar Industries also recently announced its important legal victory in a trademark case.
Tilaknagar industries Shares have run over 22 per cent in the last five trading sessions. Today, on July 22, this stock has gained about 8 percent. The last mega acquisition in the Indian alcohol industry was an acquisition of United Spirits at $ 1.9 billion in 2014 in 2014.
On December 17, Moneycontrol also first reported that Tilaknagar Industries and Inbrew Beverages are preparing to enter the final round of the negotiations for the sale of Imperial Blue Whiskey. It was also reported in this report that Goldman Sachs is playing the role of sales advisor in the deal. Also, Tilaknagar Industries is preparing to expand in the whiskey segment. Mansion House Gold Barrel Whiskey, Blue Lagoon, Madira Gold Dark XXX Rum is also part of the portfolio of Tilaknagar Industries.