India's Tilaknagar Industries sheds early losses on investment plans in tequila maker

Tilaknagar Industries

02/09/2026 08:43

** Shares of Indian alcohol company Tilaknagar Industries TILK.NS rise as much as 0.7% to 549.25 rupees 
** The Mansion House, Imperial Blue maker says it will invest 220 million rupees ($2.32 million) in tequila maker Black Tiger Distilleries
** TILK shares were down 2.6% prior to company's announcement
** The investment marks company's entry into tequila and agave-based beverage category
** All three analysts covering stock rate it "buy" or "strong buy"; median PT is 583 rupees: LSEG-compiled data
** Stock up 20.1%, YTD
     
($1 = 94.9475 Indian rupees)

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))