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India's Tilaknagar Industries jumps to record on deal to buy Pernod Ricard's Imperial Blue

ReutersJul 24, 2025 4:24 AM

Indian Mansion House brandy maker Tilaknagar Industries TILK.NS climbs as much as 4.91% to a record high of 496.5 rupees

Pernod Ricard PERP.PA to sell its Imperial Blue whisky business to Tilaknagar for an enterprise value of 412.6 million euros (about $486 million)

About 22.4 million 9-litre cases of Imperial Blue were sold in fiscal year 2025 across India and other markets

Deal subject to approval from India's antitrust body; TILK will raise a mix of debt and equity to finance transaction

"Upon closing, the transaction is expected to be immediately and meaningfully accretive to Pernod Ricard India's operating margin" - French spirits group

TILK last up 1.6%, extending YTD gains to ~14%

($1 = 0.8493 euros)

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