Tilaknagar Industries has received an approval for sale of 90% stake held by the company in its subsidiary company ‘Shivprabha Sugars’. The board of directors at its meeting held on May 30, 2013 has approved for the same.
The board has also granted approval for entering into a Trademark Assignment Agreement with Mohan Breweries and Distilleries, Chennai (MBDL) for assignment of their trademarks viz. ‘Brigadier’s No. 1 Brandy’ and ‘Vorion No. 1 Indian 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.
