Fair trade regulator CCI on Tuesday cleared home-grown alcoholic beverage maker Tilaknagar Industries' proposal to acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard for Rs 4,150 crore.

The development came after Tilaknagar Industries Ltd (TIL) in July announced that it will acquire the Imperial Blue whisky business from the Indian arm of Pernod Ricard at an enterprise value of 412.6 million Euros (around Rs 4,150 crore).

The Competition Commission of India (CCI) said on Tuesday it has approved the acquisition of Imperial Blue whisky business of Pernod Ricard India by Tilaknagar Industries Ltd.

"Commission approves the acquisition of the business of production, bottling, marketing, and sale of alcoholic and other beverages under the 'Imper

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