Tilaknagar Industries up 9% Liquor baron Kishore Chhabria's Allied Blenders & Distillers (ABD) is discussing a merger deal with rival Tilaknagar Industries, makers of mansion House brandy, in what could be the biggest consolidation move in Indian Liquor Industry, report CNBC-TV18.
Tilaknagar Industries rose 9% on news that liquor baron Kishore Chhabria's Allied Blenders & Distillers (ABD) is discussing a merger deal with rival Tilaknagar Industries, makers of Mansion House brandy. The proposed deal could be the biggest consolidation move in Indian liquor industry, report CNBC-TV18.
The privately held ABD, India's third largest distiller, and the listed Tilaknagar have talked about a stock swap cum cash deal to create a combined entity valued at USD 1 billion.
At 12:39 hrs Berger Paints India was quoting at Rs 192.10, down Rs 2.75, or 1.41 percent. It has touched an intraday high of Rs 194.90 and an intraday low of Rs 188.35. It was trading with volumes of 18,709 shares
In the previous trading session, the share closed up 0.61 percent or Rs 0.35 at Rs 57.50.
Current market capitalisation of Tilaknagar Industries stands at Rs 763.58 crore.
Tilaknagar Ind stock price
On August 28, 2015, Tilaknagar Industries closed at Rs 18.85, down Rs 0.2, or 1.05 percent. The 52-week high of the share was Rs 48.50 and the 52-week low was Rs 15.80.
The latest book value of the company is Rs 35.61 per share. At current value, the price-to-book value of the company was 0.53.
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