Tilaknagar Industries is reportedly in discussions with global giants such as Suntory Holdings and Pernod Ricard to sell 15-20% stake in the company. The company is expected to fetch Rs 600 crore from the deal which will be utilized for de-leveraging the company’s balance sheet.Moreover, a clutch of private equity investors and spirits & wine leader Beam Global are also speculated to be in discussions with Tilaknagar Industries to acquire the stake.
Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor players including whisky, brandy, gin, rum and vodka with presence across India. The company manufactures markets and sells more than 40 brands across all price points.
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