Tilaknagar Industries

Type: Company
Name: Tilaknagar Industries
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

ABD not to give up on the Tilaknagar Ind chase

Kishore Chhabria-promoted Allied Blenders and Distillers has not given up the chase to acquire a majority stake in liquor company Tilaknagar Industries, a year into discussions, and despite the obvious resistance by promoter Amit Dahanukar.Deepak Roy, ... [Published Hindu Business Line - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 4 reports

8/28/2014: Ht business: Tilaknagar: a correction

NEW DELHI: The picture with the report ‘Ready to settle Mansion House dispute: Tilaknagar’ (P 13, August 25) was not of Amit Dahanukar, CMD, Tilaknagar Industries. We regret the error. ... [Published Hindustan Times - Aug 28 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

Mansion House battle on

Mumbai, Aug. 24: The dispute over Mansion House is far from over with Tilaknagar Industries saying that it will not give in without a fight, despite Allied Blenders & Distillers (ABD) bagging a 50 per cent ownership right of the popular brandy brand. ... [Published Calcutta Telegraph - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

8/25/2014: Htbusiness: Open to settle row with Dutch co: Tilaknagar Indus

MUMBAI: Days after Allied Distillers & Blenders (ABD) picked up 50% brand rights of the disputed brand Mansion House brandy and impleaded itself into the pending case, Tilaknagar Industries, which claims full ownership of the Dutch brand, has said it ... [Published Hindustan Times - Aug 25 2014]
First reported Aug 22 2014 - Updated Aug 23 2014 - 1 reports

Prohibition in Kerala to hit liquor players hard

For the past four months, there have been rumblings across alcohol beverages companies about the non-renewal of a section of bar licences in Kerala. On Thursday, the rumblings turned to shock as Kerala Chief Minister Oommen Chandy announced the state ... [Published Business Standard India - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 2 reports

Tilaknagar unfazed by Allied Blenders’ advances

Amit Dahanukar, Chairman of Tilaknagar Industries, is unfazed by the decision of rival Allied Blenders and Distillers (ABD) to purchase 50 per cent ownership rights in two liquor brands—Mansion House and Savoy Club—from Herman Jansen Beverages Nederland ... [Published Hindu Business Line - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Sensex gains nearly 100 points; IT and banks lead

Markets continue to trade firm amid choppy trades during noon trades led by banking and information technology shares. At 14.20 PM, the BSE Sensex gained 0.3% at 26, 454 while the CNX Nifty was up 0.3% at 7,922. Earlier in the day, Nifty hit a record ... [Published Business Standard India - Aug 22 2014]
Entities: BSE Sensex, Index, Sugar, Banking
First reported Aug 21 2014 - Updated Aug 22 2014 - 11 reports

Tilaknagar Industries clarifies on news report

Tilaknagar Industries clarified on news item appearing in the leading financial daily titled, "Allied Blenders buys Mansion House, Savoy Club rights""The assignment of the trademarks (Mansion House and Savoy Club) during pendency of judicial proceedings ... [Published MyIris - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Ranbaxy, United Spirits, SpiceJet in Focus Today

The Nifty is likely to open higher on Friday tracking higher global markets. Nifty futures traded on Singapore Stock Exchange also indicate towards an opening above 7,900. Foreign investors continue to be net buyers of Indian equities for the seventh ... [Published NDTV Profit - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Markets trading tad higher; Infosys up 1%

M arkets continued to trade higher in the first hour of trade with IT major Infosys leading the gains on the back of upbeat US economic data. Further, gains in bank and oil shares also helped boost sentiment.At 10:35AM, the 30-share Sensex was up 97 points ... [Published rediff.com - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Here are top 10 stocks to focus on August 22

- BPCL, IOC, Indian Hotels, Syndicate Bank, Ranbaxy, United Spirits, Tilaknagar Industries, HCC, Gammon India and Ceat. ... [Published Moneycontrol.com - Aug 22 2014]
First reported Jul 29 2014 - Updated Jul 30 2014 - 2 reports

7/30/2014: Business: Mansion House maker eyes R 825-crore stake sale

MUMBAI: Tilaknagar Industries ( TI), the maker of Mansion House Brandy, is planning to sell stakes worth around ` 825 crore to pare its debt, according to a top company official. The company, which is battling a court case over the use of the Mansion ... [Published Hindustan Times - Jul 30 2014]

Quotes

According to experts, picking up brands would be the easiest way to crack the market than making costly acquisitions. "The liquor industry in the nineties and till mid- 2000 was built on acquisitions and was often acrimonious. What is interesting is unlike in the past where the entire company was gobbled up, the strategy now is to select brands which will build a complimentary portfolio. This is a bit like moving from investing in the index to stock picking" Kanekar says
"Which businessman can ignore his brand for more than two decades? Why have they suddenly woken up to claim ownership? Because Herman Jansen is neck deep in debt with an accumulated loss of over 15 million euros" Dahanukar claimed
...of 130 million cases a year, gets a little over five per cent from Kerala, and it has two breweries with a capacity of 6,50,000 cases a month. "There will no-doubt be contraction in the sales and it will have a compounding effect on the people we employ at the brewery, as well as in sales network" Ramamurthy said
...dated August 22, 2014, titled "Allied Blenders buys Mansion House, Savoy Club rights", Tilaknagar Industries Ltd has Clarified to BSE as under: "The assignment of the trademarks (Mansion House and Savoy Club) during pendency of judicial proceedings is illegal. Neither the assignors (Herman Jansen) nor the assignee (ABD) are entitled to use the trademarks Mansion House and Savoy Club as such use would tantamount to violation of TI's rights in the trademarks Mansion House and Savoy Club, which have been upheld by the BombayBombay High Court. As regards future course of action, TI will be guided by appropriate legal advice and will take all necessary actions to protect their interest.As regard to the acquisition of stake in TI by ABD, we are unable to comment on market speculation and wish to clarify that, given the nature of TI's business sector dynamics and to make business progress, the Company at several time points is exploring various types of business associations, tie-ups, relationships etc. across players in the domestic and international markets, which may or may not fructify.Should there be any material development that requires us by law to make any formal statement in any manner in connection with any such activity that may transpire, the Company will comply, share and make the announcements at the appropriate time in line with the best practices disclosure guidelines." Source : BSE

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ABD not to give up on the Tilaknagar Ind chase [Published Hindu Business Line - Aug 28 2014]
8/28/2014: Ht business: Tilaknagar: a correction [Published Hindustan Times - Aug 28 2014]
Mansion House gives us ready-made scale: Deepak... [Published Livemint.com - Aug 27 2014]
Slim pickings in market beget brandy brand war [Published Livemint.com - Aug 27 2014]
Battle of bottle: ABD, Tilaknagar slug it out f... [Published Hindu Business Line - Aug 27 2014]
Battle for Mansion House [Published Business Standard India - Aug 25 2014]
Mansion House battle on [Published Calcutta Telegraph - Aug 25 2014]
8/25/2014: Htbusiness: Open to settle row with ... [Published Hindustan Times - Aug 25 2014]
8/25/2014: Business: Ready to settle Mansion Ho... [Published Hindustan Times - Aug 25 2014]
Mansion House:Tilaknagar says open to settle ro... [Published Business Standard India - Aug 24 2014]
Prohibition in Kerala to hit liquor players hard [Published Business Standard India - Aug 22 2014]
Tilaknagar unfazed by Allied Blenders’ advances [Published Hindu Business Line - Aug 22 2014]
Sensex gains nearly 100 points; IT and banks lead [Published Business Standard India - Aug 22 2014]
Tilaknagar Industries clarifies on news report [Published MyIris - Aug 22 2014]
Tilaknagar Industries' clarifies on news item [Published Moneycontrol.com - Aug 22 2014]
Markets trading tad higher; Infosys up 1% [Published rediff.com - Aug 22 2014]
Tilaknagar Industries gains on Allied Blenders ... [Published Business Standard India - Aug 22 2014]
Here are top 10 stocks to focus on August 22 [Published Moneycontrol.com - Aug 22 2014]
Stocks in news: Tilaknagar, United Spirits, Ran... [Published Moneycontrol.com - Aug 22 2014]
Ranbaxy, United Spirits, SpiceJet in Focus Today [Published NDTV Profit - Aug 22 2014]
ABD seals Mansion House deal [Published Calcutta Telegraph - Aug 22 2014]
Kishore Chhabria joins fray for 50% rights of d... [Published Economic Times - Aug 22 2014]
Allied Blenders Picks Up 50 Per Cent Ownership ... [Published NDTV Profit - Aug 21 2014]
ABD buys 50% brand rights from Herman Jansen in... [Published Livemint.com - Aug 21 2014]
Officer's Choice maker buy 50% in Mansion House [Published Times of India - Aug 21 2014]
ABD picks up 50% ownership rights in Mansion Ho... [Published Business Standard India - Aug 21 2014]
ABD acquires 50% ownership rights in Mansion Ho... [Published Moneycontrol.com - Aug 21 2014]
ABD acquires 50% brand rights in India for Mans... [Published Business Standard India - Aug 21 2014]
7/30/2014: Business: Mansion House maker eyes R... [Published Hindustan Times - Jul 30 2014]
Mansion House makers eye Rs 825cr stake sale [Published Hindustan Times - Jul 29 2014]
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