Tilaknagar Industries Completes Acquisition Of Imperial Blue Business Division
The acquisition has been funded through a mix of internal cash accruals, fresh equity and external debt
The acquisition has been funded through a mix of internal cash accruals, fresh equity and external debt
The issue price is Rs 382 per security, and 44 investors are participating in this issue, including promoters and existing prominent shareholders
The acquisition of Imperial Blue marks a pivotal move for Tilaknagar Industries to diversify beyond its dominant brandy portfolio and gain scale in the whisky category
The reports claim that the company generated revenues of around Rs 1,472 crore from Andhra Pradesh State Beverages Corporation or APSBCL and an estimated Rs 218 crore was calculated as kickbacks