Tilaknagar Industries acquires Imperial Blue
Tilaknagar Industries acquires Imperial Blue for Rs 4,150 crore
TI acquires Pernod Ricard's Imperial Blue whiskey business for Rs 4,150 crore in an enterprise value.
The deal involves a combination of debt and equity. Pernod Ricard says the sale is immediately and meaningfully accretive to their operating margin and net sales growth rate. The transaction is subject to CCI approval and is expected to close within coming months.
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