Kishore Chhabria-controlled Allied Blenders & Distillers has reportedly entered the final round of negotiations to acquire a controlling stake in Tilaknagar Industries, the owner of Mansion House brandy. In this regard, Chhabria and Amit Dahanukar, chairman & managing director of Tilaknagar Industries, are slated to meet in London on July 6 to finalise the deal. The deal could involve the Dahanukar family selling a part of its stake and Tilaknagar Industries issuing shares on a preferential basis to Chhabria.
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.
