* Tilaknagar Industries (TI) has completed the acquisition of the Imperial Blue (IB) business division from Pernod Ricard India for ₹3,442 crore via a slump sale. * A deferred payment of €28 million (approximately ₹252 crore) will be made after four years from the date of closure of the transaction (i.e., November 30, 2029). * The acquisition was funded through internal accruals, fresh equity of ₹2,093 crore, and term loans of ₹2,100 crore. * The Competition Commission of India (CCI) approved the transaction on October 7, 2025. * IB is the third-largest whisky brand in India by volume, selling approximately 22.4 million 9-litre cases for the year ended March 2025, with a revenue of ₹3,067 crore. * TI gains access to the “Imperial Blue” brand and allied trademarks, including “Imperial Black” and “Imperial Red”. * TI has entered into a Trademark License Agreement for the use of “Seagram’s” in connection with IB for a defined transition period. * TI has entered into a long-term supply agreement with Chivas Brothers for Concentrated Alcoholic Beverage (CAB). * TI has entered into a Transitional Services and Manufacturing Agreement (TSMA) with PRI. * The manufacturing footprint includes two owned units in Punjab and Maharashtra, and two exclusive sub-leased units in Telangana and Punjab. * 116 employees are expected to be transferred from PRI to TI. * Mr. Amit Dahanukar, Chairman and Managing Director, stated that the acquisition significantly scales up their business and accelerates their premiumisation journey.
