Home India Competition Commission of India CCI approves the acquisition of Business of production, bott...
Date: 2025-10-07 Category: Not Applicable State: Union Government Country: India

CCI approves the acquisition of Business of production, bottling, marketing and sale of alcoholic and other beverages under the ‘Imperial Brands’ (Target Business) by Tilaknagar Industries Limited (TIL/Acquirer).

Issued by Competition Commission of India · Not Applicable

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Executive Summary & Key Takeaways

On October 7, 2025, the Competition Commission of India (CCI) approved the acquisition of the 'Imperial Brands' target business (production, bottling, marketing, and sale of alcoholic and other beverages) by Tilaknagar Industries Limited (TIL/Acquirer). The target business is currently owned by Pernod Ricard India Private Limited (PRIPL/Seller). TIL is a player in the Indian made foreign liquor (IMFL) segment. The target business engages in production, bottling, marketing and sale of alcoholic and other beverages under the Imperial Brands as conducted by PRIPL and involved in the sale of whisky under the Imperial Blue brand in India and various countries outside India. Release ID: 2176031.

Key Entities Referenced

Competition Commission of India: The regulator that approved the acquisition. Tilaknagar Industries Limited (TIL/Acquirer): The acquiring company. Pernod Ricard India Private Limited (PRIPL/Seller): The company being acquired. Imperial Brands: The target business comprising the production, bottling, marketing, and sale of alcoholic beverages being acquired.
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Competition Commission of India CCI approves the acquisition of Business of production, bottling, marketing and sale of alcoholic and other beverages under the ‘Imperial Brands’ (Target Business) by Tilaknagar Industries Limited (TIL/Acquirer). Posted On: 07 OCT 2025 8:50PM by PIB Delhi The Competition Commission of India has approved the acquisition of Business of production, bottling, marketing and sale of alcoholic and other beverages under the ‘Imperial Brands’ (Target Business) by Tilaknagar Industries Limited (TIL/Acquirer). The Proposed Combination involves the acquisition of Target Business currently owned by Pernod Ricard India Private Limited (PRIPL/Seller) by TIL. The Acquirer is a player in the Indian made foreign liquor (IMFL) space. It has a wide range of brands across the IMFL segment (brandy, rum, whisky, gin, and vodka). The Target Business is engaged in production, bottling, marketing and sale of alcoholic and other beverages under the Imperial Brands as conducted by PRIPL and involved in the sale of whisky under the Imperial Blue brand in India and various countries outside India. Detailed order of the Commission will follow. ***** NB/AD (Release ID: 2176031)

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