Tilaknagar Industries soars on the buzz of merger with ABD

12 Apr 2013 Evaluate

Tilaknagar Industries is currently trading at Rs. 61.00, up by 3.50 points or 6.09% from its previous closing of Rs. 57.50 on the BSE.

The scrip opened at Rs. 58.40 and has touched a high and low of Rs. 65.20 and Rs. 58.40 respectively. So far 435716 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.95 on 04-Jan-2013 and a 52 week low of Rs. 40.30 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 65.20 and Rs. 55.75 respectively. The current market cap of the company is Rs. 753.83 crore.

The promoters holding in the company stood at 56.26% while Institutions and Non-Institutions held 22.69% and 21.05% respectively.

In what could be the biggest consolidation move in Indian liquor industry, Liquor baron Kishore Chhabria's Allied Blenders & Distillers (ABD) is reportedly in talks with rival Tilaknagar Industries for a merger deal.

If the deal materializes, Chhabria would be the majority shareholder, while Tilaknagar chairman Amit Dahanukar will retain a sizable minority interest, in a combined entity that could be valued at $1 billion. Chhabria has 95% stake in ABD, which owns the top selling Indian whiskey brand Officer's Choice. While the Dahanukar family controls 56% stake in Tilaknagar Industries, makers of Mansion House brandy.

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.

Tilaknagar Inds Share Price

412.05 -7.05 (-1.68%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1545.75
United Breweries 2027.15
Radico Khaitan 2483.85
Allied Blenders 386.90
Globus Spirits 880.45
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