Tilaknagar Industries has divested its stake in its subsidiary Shivprabha Sugars. The company’s board gave approval for the same at its meeting held on May 30, 2013. Shivprabha Sugars was acquired by Tilaknagar Industries in March 2012, with the strategic agenda of strengthening its supply side security and improving operating efficiencies. This Company held the requisite permissions for establishing a sugar plant, distilleries and co-gen power plant.
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.
