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)