Tilaknagar Industries Limited has informed the Exchange about Acquisition and Updates
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Tilaknagar Industries is disbursing the second and third tranches of a previously announced follow-on investment of Rs. 9.15 Crores in Spaceman Spirits Lab Private Limited (SSL), completing the total commitment of Rs. 13.15 Crores made in September 2024. Additionally, the company is acquiring 2,236 equity shares of SSL from an existing shareholder at Rs. 6,765.79 per share, for a total of Rs. 1.51 Crores, via a Share Purchase Agreement dated August 6, 2025. Post these transactions, Tilaknagar's stake in SSL rises to 21.36% on a fully diluted basis, making SSL an associate company. SSL operates in the craft alco-bev segment with brands like Samsara Gin, Sitara Rum, and Amara Vodka, and reported a turnover of Rs. 11.7 Crores for FY24. The acquisition is at arm's length, in cash, and will be completed by August 31, 2025.
This step-up in stake positions Tilaknagar to strengthen its presence in the premium craft spirits segment, with SSL now classified as an associate company. The deal size is relatively small (~Rs. 10.66 Crores combined) compared to Tilaknagar's scale, so the immediate financial impact is modest, but it signals a strategic focus on expanding in the high-margin craft alco-bev space.