The Exchange has sought clarification from Tilaknagar Industries Limited with respect to recent news item captioned Tilaknagar Industries front-runner to acquire Imperial Blue brand; Stock surges: Exclusive. The response from the Company is attached.
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Stock exchanges (BSE and NSE) sought clarification from Tilaknagar Industries after a CNBCTV18 report claimed the company was a front-runner to acquire the Imperial Blue whisky brand, following which the stock had surged. In its response, the company stated that while it explores strategic opportunities from time to time, no event has occurred that would require disclosure under Regulation 30 of SEBI's Listing Regulations. It also clarified it is not aware of any undisclosed information that could explain the unusual trading activity in its stock. The company further said the news article has no material impact on it and committed to making appropriate public disclosures only when a material event actually occurs.
This is effectively a non-confirmation of the acquisition rumour — the company is neither confirming active negotiations nor denying interest, but signalling that no binding or disclosable deal exists yet. Shareholders should expect possible short-term price volatility or a pullback if the market had already priced in the acquisition, and should wait for an official announcement before treating the deal as confirmed.