Tilaknagar Industries is currently trading at Rs. 60.45, up by 5.35 points or 9.71% from its previous closing of Rs. 55.10 on the BSE.
The scrip opened at Rs. 57.40 and has touched a high and low of Rs. 64.40 and Rs. 57.15 respectively. So far 341545 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. 64.40 and Rs. 44.85 respectively. The current market cap of the company is Rs. 743.79 crore.
The promoters holding in the company stood at 56.18% while Institutions and Non-Institutions held 21.22% and 22.60% respectively.
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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