Tilaknagar Industries plans $500 million acquisition of Imperial Blue Whisky from Pernod Ricard

Tilaknagar Industries, known for Mansion House brandy, aims to raise up to $500 million to potentially acquire Imperial Blue whisky from Pernod Ricard. Kotak Mahindra Bank and Avendus Capital are mandated to arrange rupee-denominated non-convertible debentures. The debt financing is expected to be priced in the low-to-mid teens, with a portion potentially raised through private credit funds.