Tilaknagar Industries in talks to sell stake to Allied Blenders

Tilaknagar Industries Ltd. | Breweries & Distilleries | FMCG | BSE: 507205 | NSE: TI

22 Jan 2014 Evaluate

In a bid to reduce its debt, Tilaknagar Industries is in talks with Kishore Chhabria-led Allied Blenders and Distillers (ABD) to sell majority of its stake in the company. Tilaknagar Industries has a total debt of Rs 677 crore for the fiscal year ended March 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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