Company Overview and News
The seven-decade-old Delhi-based liquor company, Jagatjit Industries, has gone in for a major makeover rationalising its workforce, consolidating its operations and is in advanced talks to buy another liquor maker for over ₹100 crore.
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Indian-made foreign liquor (IMFL) maker Jagatjit Industries on Tuesday said it has raised an undisclosed amount from global investment firm KKR to support its ongoing restructuring efforts. The company will use the proceeds to build the brand appeal of the company’s liquor portfolio, streamline its portfolio, increase manufacturing capacity, strengthen the management team and expand its distribution reach.
Indian-made foreign liquor (IMFL) firm Jagatjit Industries said it has raised undisclosed amount from global investment firm KKR to support its ongoing restructuring efforts
On April 2, the directors of Oswal Agro Mills and Oswal Greentech met at the 7th floor of Antriksh Bhawan, a high-rise in the Connaught Place area of New Delhi. On the agenda was the appointment of a new director and chairman: Aruna Oswal. These meetings were called after Aruna's husband and the chairman of the two companies, Abhey Oswal, had died in Moscow four days ago. The mood was sombre, the meetings were short.
In the 1980s, Abhey Oswal was known as the ‘next Ambani. He was market-savvy and had a knack of taking over businesses and also building them from ground. The Ambani reference would refuse to go away, even in the last months of his life. Oswal, 67, passed away after a heart attack on Tuesday, in Moscow, where he had gone to market some medicines developed by one of his multiple ventures. He is survived by wife Aruna Oswal, who is engaged philanthropic activities through Aruna & Abhey Oswal Trust, sons Pankaj and Shail and daughter Shallu.
The company has also started to relaunch its premium brands like Iced Vodka, AC Black and Aristocrat Premium, says Roshini Sanah Jaiswal, Promoter and Chief Restructuring Officer, Jagatjit Industries.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Lupin, Sterlite Technologies, ARSS Infrastructure Projects, Dish TV, Jagatjit Industries, Excel Industries, V2 Retail, CMI and Cupid.
Jagatjit Industries shares are locked at 5 percent upper circuit at Rs 64.05 on Tuesday after a media report suggested that the Indian subsidiary of American investor KKR & Co is likely to support company's revival plan.
NTPC | IDBI Bank | Cadila Healthcare | UCO Bank | Wipro | Dena Bank | Torrent Power | Jagatjit Industries | ARSS Infrastructure | Plastiblends India and Aditya Birla Fashion are stocks, which are in the news today.
Companies are anticipating a 5-20% decline in sales in the market, with some mass-market companies gaining at the behest of country liquor
Move expected to help the liquor major pare debt of close to Rs 800 crore
2017-12-11 - Wilton
2017-12-11 - Wilton
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2017-11-27 - Wilton