ETMarkets.com Tilaknagar Industries to raise �2,296 crore via preferential issue to fund Imperial Blue acquisition; investors include promoter Amit Dahanukar and top institutions.
Synopsis
Tilaknagar Industries will raise �2,296 crore through a preferential issue of equity shares and warrants to fund its �4,150 crore acquisition of Imperial Blue whiskey from Pernod Ricard. The issue, priced at �382 per security, includes participation from promoters and institutional investors.
Tilaknagar Industries said its board has approved a preferential issue of securities (equity shares and warrants) worth Rs 2,296 crore to fund its recent acquisition of Imperial Blue whiskey from Pernod Ricard.Tired of too many ads? Remove Ads
The issue price will be Rs382 per security and 44 investors are participating in this issue, including promoters and existing investors. On Tuesday, Tilaknagars share rose 0.27% to close Rs 510.45 a piece. Of these, nine investors are subscribing through equity shares, contributing approximately Rs549 crore. The remaining 35 investors are participating through warrants, raising around Rs1,747 crore, it said in its filing.Select Stock Exchange NSE BSE CLOSED - 03:58 PM | 29 Jul 2025
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While the promoter group is participating in the issue led by Amit Dahanukar, who will subscribe warrants worth Rs306 crore, other investors include Axana Estates LLP, SMALLCAP World Fund Inc, TIMF Holdings, Funds managed by Abakkus Asset Manager Private Limited, Bandhan Mutual Fund, Arpit Khandelwal, among high-net-worth individuals.
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Last week, Tilaknagar signed an agreement to acquire Imperial Blue for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for about two-thirds of India's spirits market. 
Tilaknagar, which sells Mansion House brandy, had said it will raise upto Rs6500 crore, including upto Rs2,500 crores in equity or equity linked securities and the remaining in debt securities in one or more tranches.
