Nine investors will subscribe through equity shares contributing ₹549 crore, while 35 investors will participate through warrants raising ₹1,747 crore.
The shares of Tilaknagar Industries Limited were trading at ₹486.85 down by ₹23.20 or 4.55 per cent on the NSE at 10.05 am. The shares touched their 52-week high yesterday, July 29.
Tilaknagar Industries Limited announced on Monday that its board has approved a preferential issue of securities worth approximately ₹2,296 crore to fund the acquisition of Imperial Blue brand and general corporate purposes. The issue price has been set at ₹382 per security, complying with SEBI ICDR Regulations.
The fundraising involves 44 investors, including promoters and existing shareholders. Nine investors will subscribe through equity shares contributing ₹549 crore, while 35 investors will participate through warrants raising ₹1,747 crore. Under the warrant structure, ₹437 crore will be payable upon allotment with the remaining ₹1,310 crore due upon conversion to equity shares.
Chairman and Managing Director Amit Dahanukar is leading the promoter participation with a ₹306 crore warrant subscription. Other notable participants include Axana Estates LLP, SMALLCAP World Fund Inc, TIMF Holdings, funds managed by Abakkus Asset Manager, Bandhan Mutual Fund and several institutional investors.
Tilaknagar Industries operates 19 manufacturing units across 12 states and maintains a portfolio spanning brandy, whisky, rum, and gin categories. The company’s flagship brands include Mansion House and Courrier Napoleon brandies, along with Mansion House Whisky, Madiraa Rum and Blue Lagoon Gin.
The 90-year-old company, originally founded as Maharashtra Sugar Mills in 1933, has established itself as a major player in Indian-Made Foreign Liquor segment.
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Published on July 30, 2025
