Tilakangar Industries soars on entering into MoU with Three Stills

The company has entered into a MOU with the Three Stills to explore opportunities to distribute scotch whisky in India.

Tilaknagar Industries has soared 20% to Rs 27.70 on the BSE in intra-day after the company announced that it has entered into a MOU with Three Stills Company to explore opportunities to distribute scotch whisky in India.

Tilaknagar Industries is a leading manufacturer of liquor across the major categories - whisky, brandy, rum, vodka and gin. The company has a market leading position in the southern and western parts of India.

At 12:23 PM, the stock was up 16% at Rs 26.85 on the BSE. The trading volumes on the counter jumped an over 10-fold with a combined 3.94 million shares changed hands on the BSE and NSE so far.