Tilaknagar Industries Shares Tumble After Imperial Blue Acquisition

Tilaknagar Industries, a liquor company, saw its stock price fall after it announced it would buy the Imperial Blue business from another company.

The deal is worth a lot of money.

Even though the stock dropped, the company's profits have actually gone up a lot recently.

They made more money this year compared to last year.

This big purchase could help the company grow and become a bigger player in the market.

The company will also be getting access to new factories and will have agreements to get materials and services to help the transition.