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

Tilaknagar Industries

24/07/2025 05:24

** 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)

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))