Latest news with #AmitDahanukar
Time of India
5 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.
Yahoo
5 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
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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.
Time of India
6 days ago
- Business
- Time of India
Tilaknagar buys Imperial Blue for Rs 4k cr from Pernod Ricard
Representative image MUMBAI: Tilaknagar Industries, maker of Mansion House brandy is acquiring the Imperial Blue business from the Indian unit of French liquor giant Pernod Ricard in a Rs 4,150-crore all-cash deal to "fast-track" its foray into the whisky segment. The transaction includes deferred payment of Rs 282 crore, to be paid four years after the deal, which is expected to close in six months, the company said in a late night filing on Wednesday. The acquisition, pegged to be the largest in the local alcoholic beverages space by an Indian company, will allow Tilaknagar, which has a big share in brandy space to build a strong whisky portfolio across premium price-points, tapping into growing premiumisation trend besides expanding its distribution reach. Imperial Blue, for which India is the biggest market with over 90% of its sales, is the third-largest whisky brand in the country by volume. With a sales volume of 22.4 million cases, Imperial Blue accounts for about a 9% volume share in the whisky category. To give a broader perspective of the whisky market, about 79 million cases are sold annually in India. "Having achieved leadership in the brandy segment, it is now time for us to broaden our portfolio and cater to India's diverse and evolving consumer base. 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," said Amit Dahanukar, chairman and MD at Tilaknagar Industries. For Pernod Ricard, the sale of the Imperial Blue business will allow it to sharpen its focus on more profitable and faster growing brands in India., like in the rest of the world, said chairman and CEO Alexandre Ricard. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
6 days ago
- Business
- New Indian Express
Tilaknagar Industries acquires Pernod Ricard's Imperial Blue whiskey biz for Rs 4,150 crore
Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Limited (TI) is acquiring the Imperial Blue whisky business division (IB) from French liquor giant Pernod Ricard for an enterprise value of Rs 4,150 crore. The consideration includes deferred payment of €28 million (Rs 282 crore as on date), to be paid four years after the date of closure of the transaction. This acquisition, the largest in the Indian alcoholic beverages space by an Indian company, fast-tracks TI's foray into the whisky segment, the largest IMFL category in India. It also expands TI's distribution reach and supports its ambition to become a truly pan-India player having strong scale across both brandy and whisky with a combined volume of 34 million 9-litre cases for the year ended March 2025. The proposed transaction includes the acquisition of the IB, with 22.4 million 9-litre cases sold in the year ended March 2025 across India and other markets, including two owned units and services from co-manufacturing bottlers across India. 'Having achieved leadership in the brandy segment, it is now time for us to broaden our portfolio and cater to India's diverse and evolving consumer base. 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,' said Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries.
