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Tilaknagar Industries gets nod for Scheme of Amalgamation with its WOS

11 Sep 2013 Evaluate

Tilaknagar Industries’ Board of Directors at its Meeting held on September 11, 2013, has approved a Scheme of Amalgamation of the Company’s wholly owned subsidiary(WOS) viz. Vahni Distilleries with the Company, subject to approval of shareholders, creditors, regulatory authorities, etc. and sanction of the Scheme by the Hon'ble Bombay High Court. The proposed Appointment date of the Amalgamation is April 01, 2013.

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.

Peers
Company Name CMP
United Spirits 1397.20
United Breweries 1255.85
Radico Khaitan 4366.95
India Glycols 295.70
Allied Blenders&Dist 631.85
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