Tilaknagar shares hit 10% upper circuit

MUMBAI: Shares of Tilaknagar Industries rose 10 per cent after it acquired 100 per cent stake in Bangalore-based Surya Organic Chemicals. Tilaknagar Industries, engaged in the business of manufacture, marketing and sale of industrial alcohol, has been on a buying spree. On Feb 7, Tilaknagar Industries had announced the entire stake in Parag Distilleries, engaged in the same business as the former.

Tilaknagar Industries' brand portfolio includes Mansion House range, Senate Whisky, Courier Napoleon Brandy, Savoy Club range, Classic Whisky, Royal Choice range, etc. Shares of the company hit the 10 per cent upper circuit at Rs 215.55 at 1:10 pm.