Investment6 Aug 2025, 05:22 pm
Tilaknagar Industries Invests Further Rs. 9.15 Crores in Spaceman Spirits Lab & Acquires 2,236 Shares for Rs. 1.51 Crores
AI Summary
Tilaknagar Industries Ltd. has disbursed the second and third tranches of its follow-on investment in Spaceman Spirits Lab Private Limited, amounting to Rs. 9.15 Crores under their agreement dated September 09, 2024. Additionally, the company has approved a further acquisition of 2,236 equity shares of SSL from an existing shareholder, Mr. Yash Laxman Tindwani, at a price of Rs. 6,765.79 per share, amounting to a total consideration of Rs. 1.51 Crores. Post the completion of these investments, the Company’s shareholding percentage in SSL will stand increased to 21.36% (on a fully diluted basis), making SSL an Associate of the Company.
Key Highlights
- Tilaknagar Industries disburses Rs. 9.15 Crores in the second and third tranches of its follow-on investment in Spaceman Spirits Lab.
- Company approves a further acquisition of 2,236 equity shares of SSL from an existing shareholder for Rs. 1.51 Crores.
- Post-investment, the Company’s shareholding percentage in SSL will increase to 21.36% (on a fully diluted basis).
- Spaceman Spirits Lab becomes an Associate of Tilaknagar Industries.
- Tilaknagar Industries aims to strengthen its presence in the premium craft segment through these investments.