Edelweiss ARC to pick up stake in liquor maker in debt recast move

Edelweiss Asset Reconstruction Company Ltd will pick up a minority stake in a publicly listed liquor company as part of measures to restructure its debt. The ARC will subscribe to 1.39 crore shares in Tilaknagar Industries Ltd on a preferential basis at Rs 24.36 apiece. Tilaknagar, maker of the Mansion House brandy, ......