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Tilaknagar Ind raises Rs.2,296-Cr for acquisition of whisky brand Imperial Blue

BSE Announcement   Business Line  

Ahmednagar, Maharashtra-based alcoholic beverage maker Tilaknagar Industries has raised INR 2,296 crore through a preferential issue of securities at INR 382 per security to fund the acquisition of whisky brand Imperial Blue.The fundraising involves 44 investors, including promoters and existing shareholders. Nine investors will subscribe through equity shares, contributing INR 549 crore, while 35 investors will participate through warrants, raising INR 1,747 crore.CMD Amit Dahanukar is leading the promoter participation with an INR 306 crore warrant subscription. Other participants include Axana Estates LLP, Smallcap World Fund Inc, TIMF Holdings, funds managed by Abakkus Asset Manager and Bandhan Mutual Fund.

In Jul 2025, Tilaknagar Industries acquired Imperial Blue whisky for USD 480 M.