Acquisitions8 Oct 2025, 03:10 pm
Tilaknagar Industries Ltd. Receives Approval from Competition Commission of India for Acquisition of Pernod Ricard India's Business Undertaking
AI Summary
Tilaknagar Industries Ltd. has received approval from the Competition Commission of India for the acquisition of the Business Undertaking of Pernod Ricard India Private Limited. This approval comes after the Board of Directors of the Company approved the acquisition on July 23, 2025, involving the business division of production, bottling, marketing, and sale of alcoholic and other beverages under the Imperial Blue Brands. The acquisition is subject to the terms and conditions as contained in the Business Transfer Agreement and its ancillary agreements.
Key Highlights
- Tilaknagar Industries Ltd. has received approval from the Competition Commission of India for the acquisition of Pernod Ricard India's Business Undertaking.
- The acquisition involves the business division of production, bottling, marketing, and sale of alcoholic and other beverages under the Imperial Blue Brands.
- The approval is subject to the terms and conditions as contained in the Business Transfer Agreement and its ancillary agreements.
- The acquisition was approved by the Board of Directors of the Company on July 23, 2025.
- The Competition Commission of India approved the proposed combination under Section 31(1) of the Competition Act, 2002.