Tilaknagar Industries Limited (TI), a prominent manufacturer in the Indian-Made Foreign Liquor (IMFL) segment, has announced that its Board of Directors has approved a preferential issue of securities—comprising equity shares and warrants—amounting to approximately Rs 2,296 crore. The issue price has been set at Rs 382 per security, in accordance with pricing guidelines under Regulation 164 of the SEBI ICDR Regulations.

The issue will see participation from a total of 44 investors, including company promoters and existing key shareholders. The proceeds from this preferential issue will primarily be used to fund the acquisition of the Imperial Blue (IB) business division and for general corporate purposes. Alongside the proposed debt raise, this equity issuance is expected to provide a well-balanced financing structure for the IB acquisition.

Demonstrating strong promoter commitment, Mr. Amit Dahanukar, Chairman and Managing Director of TI, will be subscribing to warrants worth approximately Rs 306 crore. This reflects solid backing for the fundraise and the planned acquisition.

This fundraising initiative represents a major step forward in Tilaknagar Industries’ growth journey and underscores the strong confidence that investors have in the company’s long-term strategy and vision.