At 9:40AM, today, Tilaknagar Industries (TI) saw a rise of 0.91%, trading at ₹288.65 after bouncing from the day’s low of ₹277.50. The stock opened at ₹283.00 and reached a high of ₹290.00, following the company’s announcement that it has completed an investment of ₹8.03 crore in Round the Cocktails Private Limited (Bartisans), acquiring 36.17% of its share capital on a fully diluted basis.
This investment update comes after the company’s earlier intimation on September 19, 2024, when the Board’s Finance Committee approved the investment. The company’s strategic move into Bartisans aligns with its growth plans and has positively influenced market sentiment today.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
