Other Private Equity/Strategic Investments
Alcoholic beverage maker Tilaknagar Ind invests Rs.10.66 Cr more in Spaceman Spirits Lab; raises sta
Press Release BSE Announcement
Publicly listed Mumbai-headquartered alcoholic beverages maker, Tilaknagar Industries Ltd (TI), has made a follow-on investment of INR 10.66 crore in Delhi-headquartered Spaceman Spirits Lab Pvt Ltd (SSL), the maker of premium craft spirits. While INR 9.15 crore is part of the previously announced INR 13.15 crore investment envisaged under the September 2024 agreement between TI and SSL, the balance of INR 1.51 crore is being invested to acquire shares from some of the early shareholders in SSL.With this investment, TI’s stake in SSL will increase from 12.98% to 21.36% on a fully diluted basis. TI has the option to invest additional capital or acquire further stake from other shareholders.
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