Wednesday, September 16
Tilaknagar Industries said its board has approved a preferential issue of securities (equity shares and warrants) worth Rs 2,296 crore to fund its recent acquisition of Imperial Blue whiskey from Pernod Ricard.The issue price will be Rs382 per security and 44 investors are participating in this issue, including promoters and existing investors. On Tuesday, Tilaknagar’s share rose 0.27% to close Rs 510.45 a piece. “Of these, nine investors are subscribing through equity shares, contributing approximately Rs549 crore. The remaining 35 investors are participating through warrants, raising around Rs1,747 crore,” it said in its filing.As per the terms, Rs437 crore or a quarter of the warrants issue size will be payable at the time of allotment of warrants, while the balance Rs1,310 crore
Several districts of Rajasthan are facing flood-like conditions due to continuous heavy rainfall, officials from the Meteorological Department confirmed. The affected areas include Bhilwara, Chittorgarh, Jhalawar, Kota, Pali, and Sirohi.Due to the rising water levels in rivers such as the Chambal, Kalisindh, and Banas, dam gates were opened to release excess water. In Sirohi, a school bus carrying 35 children got stuck on a culvert over the Keral River. Fortunately, rescue teams reached the spot on time. In a tragic incident in Chittorgarh, two people on a motorbike were swept away while trying to cross a flooded bridge over the Bedach River.Bhilwara’s Bijolia area witnessed streets flooded deep enough for boats to row through. The Eru River bridge in Bhilwara was submerged under 5 feet
Mumbai-born Shailesh Jejurikar will take over as chief executive officer at Procter & Gamble (P&G) in January 2026 as part of a global succession plan, joining the growing league of Indians at the helm of global consumer firms.The world’s biggest consumer goods maker on Friday said its current CEO Jon R Moeller will become executive chairman.“Shailesh has been an integral part of P&G's leadership team with substantial contributions across multiple businesses and in both developed and developing regions, notably in fabric care and home care and most recently in P&G’s Enterprise markets. He has consistently delivered strong results in the businesses and markets he has led. Shailesh is an outstanding leader, and the company will benefit from his ongoing leadership to bui
