Investment2 Sept 2026, 11:35 am
Tilaknagar Industries Invests ₹22 Cr in Tequila Spirits Firm
AI Summary
Tilaknagar Industries Ltd (TIL) announced an investment of ₹22 crore in Black Tiger Distilleries Private Limited (BTD), a company engaged in tequila and agave spirits. The Finance Committee approved the execution of a share subscription and shareholders' agreement. TIL will subscribe to compulsory convertible preference shares and equity shares, acquiring a 30.0% stake on a fully diluted basis. The investment will be made in two tranches, with the first by October 31, 2026, and the second by October 31, 2027. This move aims to strengthen TIL's presence in the growing tequila and agave spirits market.
Key Highlights
- TIL to invest ₹22 crore for a 30% stake in BTD.
- Investment to bolster presence in tequila and agave spirits market.
- Acquisition to be completed in two tranches by October 2027.
- BTD is engaged in the tequila and agave spirits business.
- No governmental or regulatory approvals are required for the acquisition.
Price Impact
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