Tilaknagar Industries appoints Ameya Deshpande to lead Corporate Development and Strategy

Leading alcoholic beverages manufacturer, Tilaknagar Industries Limited (TI) today announced the appointment of Ameya Deshpande as Head - Corporate Development and Strategy with immediate effect. Having worked as an investment banker and analyst for over 13 years with leading banks and organisations, Deshpande will be responsible for further strengthening investor relations at TI.

Speaking on the appointment, TI Chairman and Managing Director Mr Amit Dahanukar said, "We are delighted to have Ameya on board as he brings with him a fresh sense of purpose and energy. We are confident that his deep understanding of investment banking as well as his experience of running his own consumer-focussed venture will be valuable in helping the company achieve its near and medium term goals of growth and profitability."

Prior to joining Tilaknagar Industries, Deshpande was part of the founding team at A-square advisors, a capital markets strategy consultancy firm. Before taking the entrepreneurial plunge, he worked with Deutsche Bank's Investment Banking team where he specialised in equity fund raising and M&A. During the stint, Ameya was a top ranked Analyst across Deutsche Bank globally and was involved in closing transactions worth Rs. 40,000 crore.

Subsequently, he joined Religare Capital Markets to set up their Equity Capitals Markets franchise. At Religare, he was responsible for equity fundraising transactions primarily for mid-cap companies and successfully completed challenging transactions to the tune of Rs 2000 crore during adverse market conditions. For a brief period, he was also associated with BNP Paribas where he led the company's Equity Capital Markets practice.

Deshpande has a Post Graduate Diploma in Business Management (specialisation in Capital Markets) from Welingkar Institute of Management, Mumbai.

Shares of Tilaknagar Industries Ltd was last trading in BSE at Rs. 41 as compared to the previous close of Rs. 41.5. The total number of shares traded during the day was 116796 in over 139 trades.

The stock hit an intraday high of Rs. 42 and intraday low of 39.45. The net turnover during the day was Rs. 4617110.

Source : Equity Bulls

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