Tilaknagar Industries’ has received an approval to acquire 90% stake in Shivprabha Sugars, Barsi, Sholapur. Pursuant to this acquisition, Shivprabha Sugars will become subsidiary of the company. The board at its meeting held on March 19, 2012 has approved for the same.
Further, the board has also approved the acquisition of 100% stake in Mumbai based company - Mykingdom Ventures, P. P. Caps, Studd Projects and Srirampur Grains. The aforesaid companies have become wholly owned subsidiaries of the company with effect from March 19, 2012.
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.
