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An update from Tilaknagar Industries Limited ( (IN:TI) ) is now available.
Tilaknagar Industries Limited announced that the Supreme Court of India has upheld a previous Bombay High Court decision in favor of the company, allowing it to continue exclusively manufacturing and marketing its alcoholic beverages under the MANSION HOUSE and SAVOY CLUB brands in India. This decision restrains UTO Nederland B.V. and Allied Blenders and Distilleries Limited from marketing these brands in India until the resolution of ongoing legal proceedings. The Supreme Court has also directed a trial court to conclude the related suit within six months, potentially impacting the competitive landscape in the Indian alcoholic beverage market.
More about Tilaknagar Industries Limited
Tilaknagar Industries Limited operates in the alcoholic beverages industry, primarily focusing on the manufacture and marketing of alcoholic drinks under the brands MANSION HOUSE and SAVOY CLUB in India.
Average Trading Volume: 248,417
Technical Sentiment Signal: Buy
Current Market Cap: 90B INR
Find detailed analytics on TI stock on TipRanks’ Stock Analysis page.