Tilaknagar Industries Completes First Tranche Investment in Black Tiger Distilleries
Tilaknagar Industries Ltd (TIL) has announced the completion of the first tranche of its investment in Black Tiger Distilleries Private Limited (BTD). This initial investment amounts to ₹5,99,99,957.36. Following this tranche, TIL now holds approximately 12.5% of BTD's paid-up share capital on a fully diluted basis. The total investment for a 30% stake is planned in two tranches, with an aggregate consideration of ₹22,00,00,000. This move is part of TIL's strategy to expand its presence in the beverage alcohol sector.
Key Highlights
- First tranche of investment in Black Tiger Distilleries completed.
- Investment amount for the first tranche is ₹5,99,99,957.36.
- TIL now holds approximately 12.5% stake in BTD.
- Total planned investment for 30% stake is ₹22 Crores.
- Investment is for compulsorily convertible preference shares and equity shares.
Price Impact
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