completed its acquisition of the Imperial Blue business division from Pernod Ricard India Private Limited on November 30, 2025, the company disclosed to stock exchanges on Monday. The transaction, executed through a slump sale, involved a lump-sum payment of ₹3,442.34 crore, with an additional deferred payment of €28 million due in November 2029.
The acquisition gives Tilaknagar access to India’s third-largest whisky brand by volume. Imperial Blue sold approximately 22.4 million nine-litre cases in the year ending March 2025 and generated revenues of ₹3,067 crore during the trailing twelve months. The brand operates across 27 states and union territories with over 25 years of market presence.
Tilaknagar financed the deal through a combination of internal accruals, fresh equity and external debt. The company raised ₹2,093 crore via preferential equity issuance to marquee investors and promoters, and secured ₹2,100 crore in term loans. The had approved the transaction on October 7, 2025.
The acquisition transfers manufacturing assets including two owned units in Punjab and Maharashtra, and two exclusive sub-leased units in Telangana and Punjab. Approximately 116 employees are expected to move from Pernod Ricard to Tilaknagar. The deal includes global rights to Imperial Blue trademarks and a transitional licensing agreement for the Seagram’s brand name.
Chairman and Managing Director Amit Dahanukar stated the acquisition advances the company’s pan-India expansion strategy and accelerates its premiumisation efforts across price points. The transaction marks Tilaknagar’s entry into the whisky category, India’s largest IMFL segment.
The shares of Tilaknagar Industries Limited were trading on the today at ₹470.75 down by ₹5.35 or 1.12 per cent at the closing bell.