Tilaknagar Industries eyes to raise  funding

Tilaknagar Industries is reportedly seeking to raise $500 million to finance its proposed acquisition of the popular Indian whisky brand, Imperial Blue, from French spirits giant Pernod Ricard.

According to a media report, the Indian distiller has appointed Kotak Mahindra Bank and Avendus Capital to arrange the funding. Citing unnamed sources, the publication noted that a significant portion of the amount will be secured through debt, with the balance expected to come from equity infusion.

Imperial Blue, launched in 1997, is a widely consumed blend of Indian grain spirits and imported Scotch malts. The reported move aligns with Pernod Ricard’s ongoing global restructuring and portfolio rationalization.