Tilaknagar Industries (TI), the maker of Mansion House, the world’s second-best-selling brandy label, is in talks with global giants like Suntory Holdings and Pernod Ricard to sell a 15-20 per cent stake in the company.
According to people in the know, the company will use the funds so raised, likely to be about Rs 600 crore, to de-leverage its balance sheet.
At present, Tilaknagar Industries has a debt of Rs 600 crore on its books.
【News source】
Suntory, Pernod Ricard in talks to buy stake in Tilaknagar Industries
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