Tilaknagar Industries witnessed a sharp rise in share price on Monday on reports that the Kishore Chhabria-controlled, Allied Blenders & Distillers (ABD) has entered the final round of negotiations to acquire a controlling stake in the company.

Shares of the company are trading at Rs 21.20, up Rs 3.5, or 19.77% at the Bombay Stock Exchange (BSE) on Monday at 11:17 a.m.

Total volume of shares traded on the bourses today was lower by 0.49% to 326,544 compared with 22-day average volume of 328,146.