Radico Khaitan up 5%, Japanese co may buy IMFL biz

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26 Aug, 2025 12:21

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Shares of liquor manufacturer Radico Khaitan rallied as much as 4.6 percent intraday on Monday as CNBC-TV18 reports quoting sources that Japan's Suntory is close to buying stake in the company's Indian Made Foreign Liquor (IMFL) business.

It is learnt that Suntory will buy 26 percent stake in IMFL business, which contributes 70 percent to Radico's revenue, for Rs 900 crore.

Radico had received board approval to hive off IMFL business into a separate subsidiary in October. Radico, which has a debt of Rs 750 crore, will use funds to deleverage business.

Suntory has an alliance with Radico for the distribution of its premium whiskies, Hibiki blended whisky and Yamazaki single malt.

However, Suntory and Radico did not respond to CNBC-TV18's query.

At 12:02 hours IST, the stock was up 2.3 percent to Rs 155.90 on the Bombay Stock Exchange.