Tilaknagar Industries moves up on making follow-on investment in Spaceman Spirits Lab
Tilaknagar Industries is currently trading at Rs. 488.90, up by 2.35 points or 0.48% from its previous closing of Rs. 486.55 on the BSE.
The scrip opened at Rs. 489.70 and has touched a high and low of Rs. 494.40 and Rs. 477.65 respectively. So far 61811 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 524.00 on 29-Jul-2025 and a 52 week low of Rs. 205.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 520.00 and Rs. 477.65 respectively. The current market cap of the company is Rs. 9475.55 crore.
The promoters holding in the company stood at 39.97%, while Institutions and Non-Institutions held 16.51% and 43.52% respectively.
Tilaknagar Industries has made a follow-on investment of Rs 10.66 crore in Spaceman Spirits Lab (SSL), the maker of premium craft spirits. While Rs 9.15 crore is part of the previously announced Rs 13.15 crore investment envisaged under the September 2024 agreement between the company and SSL, the balance Rs 1.51 crore is being invested to acquire shares from some of the early shareholders in SSL.
With this investment, the company’s stake in SSL will increase from 12.98% to 21.36% on a fully-diluted basis. The definitive agreements further provide the company with the option to invest additional capital or acquire further stake from other shareholders at a pre-determined valuation methodology, subject to SSL achieving certain pre-agreed milestones.
In addition to the portfolio expansion, SSL and Tilaknagar Industries will also benefit from the business operations under the Usership Agreement between SSL and the company. As per the agreement, Tilaknagar Industries will leverage its robust distribution network to sell Samsara Gin, Sitara Rum and Amara Vodka in certain states in India and abroad. Business under the Usership Agreement has been initiated in May 2025.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. The company has a leading market position in the southern and western parts of India.
