Tilaknagar Industries Limited has informed the Exchange about Update on completion of acquisition of Business Undertaking of Pernod Ricard India Private Limited for Imperial Blue Brands

Tilaknagar Industries has completed the acquisition of the Imperial Blue whisky brand business from Pernod Ricard India Private Limited. This is the formal update to the exchange confirming the deal closure, following the announcement of the acquisition that was first made public earlier. The Imperial Blue brand is one of the largest mass-market whisky brands in India, and acquiring it significantly expands Tilaknagar's spirits portfolio beyond its flagship Mansion House brandy. The deal transforms the company from a single-brand player into a multi-brand alco-bev company with much larger scale.