Aim to raise Rs 200-300 cr from asset sale: Tilaknagar Inds

Liquor firm Tilaknagar Industries  is looking to raise around Rs 200-300 crore through sale of non-core assets, Amit Dahanukar, CMD of the company said in an interview to CNBC-TV18 on Tuesday.

The company's current debt stands at Rs 800 crore.

Dahanukar declined to comment on discussions with the Distell Group.

VIDEO AND INTERVIEW TRANSCRIPT TO FOLLOW

Tilaknagar Ind stock price

On March 24, 2015, at 11:10 hrs Tilaknagar Industries was quoting at Rs 22.15, up Rs 2.25, or 11.31 percent. The 52-week high of the share was Rs 68.00 and the 52-week low was Rs 19.65.

The company's trailing 12-month (TTM) EPS was at Rs 2.34 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 9.47. The latest book value of the company is Rs 43.53 per share. At current value, the price-to-book value of the company is 0.51.

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