Market Moves, No Merger—Tilaknagar Refutes Acquisition Speculation

Tilaknagar Industries Ltd has issued a formal statement denying any event that warrants disclosure under SEBI norms, following market speculation around a potential acquisition by Phoenix. The company emphasized that no negotiations or proposals are underway and no regulatory communication has been received.

 

Key Highlights:

 

- The clarification comes amid rising investor interest linked to Tilaknagar’s rumored acquisition of Imperial Blue from Pernod Ricard

 

- Company reiterated its commitment to transparency and regulatory compliance

 

- Share price surged over 22% in recent sessions, reflecting heightened market optimism

 

Strategic Outlook:

 

While denying current acquisition activity, Tilaknagar confirmed it is actively exploring strategic opportunities to expand its portfolio beyond brandy. The company’s Vision 2030 aims to diversify into whiskey and other premium segments, with recent investments in Bartisans and Samsara Gin signaling intent.

 

Sources: Moneycontrol, Economic Times, ThePrint, Trendlyne, Tilaknagar Industries Exchange Filings.