Brandy manufacturer Tilaknagar Industries (NSE:TI, BOM:507205) has completed the 34.4 billion slump-sale acquisition of the Imperial Blue business division from Pernod Ricard India, the company said in a Monday filing.

A deferred payment of 28 million euros will follow in November 2029 under the terms of the agreement, the filing said.

The deal gives Tilaknagar ownership of the Imperial Blue brand and related trademarks, along with a transitional license to use the "Seagram's" name, the company said.

Tilaknagar has also entered a long-term supply agreement with Chivas Brothers for Concentrated Alcoholic Beverage (CAB) and a Transitional Services and Manufacturing Agreement with Pernod Ricard India to support the shift in operations. The deal perimeter includes two owned plants, two sub-leased units, access to shared facilities during the transition period and the transfer of 116 employees.