India, July 24 -- Tilaknagar Industries Ltd (TIL), a home-grown Indian-Made Foreign Liquor (IMFL) manufacturer, has signed a definitive agreement to acquire the Imperial Blue business from Pernod Ricard India, the Indian arm of the French spirits major.
The acquisition, valued at €412.6 million (approximately Rs 4,150 crore), will be executed through a slump sale. With this deal, TIL is set to become a key player in the brandy and whisky segments—the two largest categories in the IMFL market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....