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Edelweiss ARC to pick up stake in liquor maker in debt recast move

By Debjyoti Roy

  • 17 Nov 2020
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Edelweiss ARC to pick up stake in liquor maker in debt recast move
Credit: 123RF.com

Edelweiss Asset Reconstruction Company Ltd will pick up a minority stake in a publicly listed liquor company as part of measures to restructure its debt. The ARC will subscribe to 1.39 crore shares in Tilaknagar Industries Ltd on a preferential basis at Rs 24.36 apiece. Tilaknagar, maker of the Mansion House brandy, ......

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