GeeCee Ventures Limited has informed the Exchange about Intimation under regulation 30 read with Schedule III Part A Para A(1) of SEBI LODR Regulation 2015- Acquisition
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GeeCee Ventures Limited has agreed to invest approximately Rs. 19.10 Crores by subscribing to 5,00,000 convertible warrants of Tilaknagar Industries Limited (TIL) at Rs. 382 per warrant (face value Rs. 10). Each warrant is convertible into one equity share within 18 months from allotment, with 25% payable upfront and the remaining 75% at the time of share allotment. After conversion, GeeCee's holding in TIL will be about 0.20% of paid-up capital. Tilaknagar Industries, founded in 1933 and known for its Mansion House Brandy, operates in the breweries and distilleries sector with FY25 turnover of Rs. 3,174.62 Crores and profit after tax of Rs. 239.43 Crores. The transaction is a cash deal and not a related-party transaction.
This is a small strategic financial investment (less than 1% stake) by GeeCee Ventures in a listed liquor company, expanding its investment portfolio into the growing IMFL sector. Given the modest size of the stake, the immediate impact on GeeCee's stock price is likely limited, though it signals portfolio diversification into a profitable consumer-facing business.