Commodity Trading Tips

Premium Calls

For medium and high value investors

Momentum Calls

For brokers,sub brokers and high value investors

Singular Calls

For those who trade in just one commodity

Mini Plant

For those who trade in Mini Lots

Equity Trading Tips

F&O Special

Intraday Futures and Option calls

Hard Cash

Specially filtered 4 to 7 calls per day

Bull’s Eye

For those who trade in just one commodity

Last Updated : 23 November 2010 at 13:45 IST

Tilak Nagar Ind to acquire Goa wine company

SHARE THIS STORY

Commodity Online
Tilak Nagar Industries Ltd (NSE: TI) has entered into an agreement to acquire 100% stake in a Goa-based distillery, Kesarval Springs Distillers Pvt Ltd which has a bottling capacity of 15,000 cases per month and posseses all the necesary equipments to manufacture wine.

Dr Sukhbir Puri, Sr Vice President, Operations of TI said, "We are pleased to announce another positive development for TI, the acquisition of Kesarval, a Goa based distillery." It is a step further towards extending our footprint pan India, he added. Wine as a segment commands a small market share. "However we see an excellent potential , as wine is gaining in popularityin the Indian markets. We believe that this acquisition will strenghten our exisitng portfolio, with a view to tap opportunities across the alcohol sector"