Tilaknagar Ind shares hit record high on ₹4,150 cr deal to acquire Imperial Blue from Pernod Ricard

Shares of Tilaknagar Industries jumped 5% to hit a fresh all-time high in early trade on Thursday trade after the company announced its acquisition of the Imperial Blue whiskey business from Pernod Ricard India for ₹4,150 crore. The deal marks a significant move in Tilaknagar’s strategy to strengthen its presence in the premium Indian-made foreign liquor (IMFL) segment. The sentiment was further lifted after its board approved a plan to raise funds up to ₹6,500 crore through the issuance of various securities, including equity and debt securities.

Cheering the news, shares of Tilaknagar Industries rallied 5% to hit a new record high of ₹496.95 on the BSE. Early today, the liquor stock opened 1.6% higher at ₹480.65 against the previous closing price of ₹473.05 on the BSE.

At the time of reporting, Tilaknagar Industries shares were trading 0.53% higher at ₹475.55 on the BSE, paring most of early gains. The market capitalisation stood at ₹9,241 crore, with more than 4 lakh shares changing hands over the counter as compared to two-week average of 7.06 lakh stocks.

In the recent time, Tilaknagar Industries shares have seen sharp rally, with its stock price surging 142% from its 52-week low of ₹205 hit on April 7, 2025. The stock has risen 36% in the past one month and 22% in the past six months.

In an exchange filing last evening, the Mumbai-based company said that it signed a deal with Pernod Ricard India to acquire the Imperial Blue business division for ₹4,150 crore to expedite its foray into whiskeys, in line with its ambitions to become a pan-India IMFL manufacturer.

The deal price also includes a deferred payment of ₹282 crore, which will be paid four years after the transaction is closed. According to the deal terms, Tilaknagar Industries will acquire two owned units and services from co-manufacturing bottlers across India from the French spirits maker.

Pernod Ricard said the sale enables it to double down on its efforts to increase sales of its portfolio of premium liquor—which includes Absolut vodka, Ballantine’s, Chivas Regal, and The Glenlivet scotch whiskies—in India, its second-largest market.

Tilaknagar Industries said that the transaction, subject to approval from the Competition Commission of India, is anticipated to close within six months of signing the agreement. The IMFL manufacturer will raise a mix of debt and equity to finance the transaction.

In a separate development, the board of the company approved a proposes to raise funds up to ₹6,500 crore through the issuance of various securities, including equity shares, convertible securities (with or without warrants), securities linked to equity shares, and/or non-convertible securities. Out of the total amount, up to ₹2,500 crore will be raised via equity and equity-linked instruments, and up to ₹4,000 crore through debt securities.

This fundraising will be conducted in one or more tranches via permissible modes such as private placement, qualified institutional placement (qip), follow-on public offer, rights issue, or any other method allowed under applicable laws.

The proposal is subject to approval by the board of directors, finance committee, shareholders, and relevant regulatory and statutory authorities, in line with the company’s memorandum and articles of association.

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