INDIA: Tilaknagar Industries open to deals after Pernod Ricard, Suntory reports
Tilaknagar has discussed the possibility of tie-ups
The company, which produces around 40 Indian Made Foreign Liquor Brands, did not comment directly on yesterday's report in the country's Business Standard newspaper. But, in a statement to the Bombay Stock Exchange today (8 August) the company said at "several" times it has been "exploring various types of business associations, tie-ups, relationships ... across players in the domestic and international markets".
The group, which yesterday reported a jumped in Q1 sales and profits, said the discussions "may or may not" come to fruition.
When contacted by just-drinks today (8 August), a spokesperson for Pernod Ricard said the company will not comment during its closed period.
Nobody from Suntory was immediately available for comment.
To read an exclusive in-depth focus on Tilaknagar Industries, click here.
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