Tilaknagar Industries share price jumped as much as 20 per cent intraday on Tuesday after the liquor maker informed BSE that the it has entered into a memorandum of understanding (MoU) with the Three Stills Company Limited (Photo: Reuters)
Tilaknagar Industries share price jumped as much as 20 per cent intraday on Tuesday after the liquor maker informed BSE that the it has entered into a memorandum of understanding (MoU) with the Three Stills Company Limited to explore opportunities to distribute scotch whisky in India.
At 3.01 pm, shares of Tilaknagar Industries were trading 18.61 per cent up at Rs 27.40. The scrip opened at Rs 25.90 and had touched a high and low of Rs 27.70 and Rs 23.45, respectively, intrade so far. Sensex was up 0.30 per cent at 26,638.65.
Set up in 1933 as Maharashtra Sugar Mills in Ahmednagar, Tilaknagar Industries entered the liquor business in 1987 and is now the fifth-largest domestic liquor firm with over two dozen brands straddling all segments.
The company manufactures whisky, brandy, rum, vodka and Gin and has a market leading position in southern and western India.
Some of the well known brands of the company include Mansion House Whiskey, Senate Royale Whiskey and White House Premium Whisky.
(With inputs from PTI)
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