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Tilaknagar Industries to acquire IMFL business of IFB Agro Industries

10 Feb 2014 Evaluate

Tilaknagar Industries has received an approval for acquisition, either directly or through one of the subsidiaries of the company, the complete IMFL business of IFB Agro Industries, Kolkata vide assignment in perpetuity of various IMFL brands of IFB subject to approval by IFB’s board of directors. The board of director at its meeting held on February 08, 2014 has granted in-principle approval for the same.

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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