Tilaknagar has discussed the possibility of tie-ups

Tilaknagar has discussed the possibility of tie-ups

Tilaknagar Industries has confirmed that it has looked at a variety of tie-ups after reports that Pernod Ricard and Suntory were looking to invest in the Indian group. 

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. 

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