India's Tilaknagar Ltd hits over 6-year peak on manufacturing deal

Tilaknagar Industries

06/04/2021 05:33

** Shares of liquor maker Tilaknagar Ltd  TILK.NS  rise as
much as 9.5% to 38.8 rupees, their highest since Oct. 29, 2014
    ** Announces agreement with alcoholic beverage maker Pernod
Ricard India Pvt Ltd to manufacture the latter's products at its
bottling facilities in Maharashtra state  urn:newsml:reuters.com:*:nFWN2LU17Z
    ** TILK says the agreement remains valid for 10 years 
    ** Pernod Ricard manufactures a number of well-known liquor
brands including Glenlivet, Blender's Pride and Imperial Blue
    ** About 1.8 mln shares change hands, compared with the
30-day average volume of about 555,000 shares
    ** Stock has risen about 19% this year, as of last close

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))