Shares of Tilaknagar Industries Ltd fell 5% after hitting a day’s high of Rs 517.25 on 30th July, after the company announced that its Board had approved a preferential issue of securities — comprising equity shares and warrants — worth around Rs 2,296 crore.

Tilaknagar Industries has priced its preferential issue at Rs 382 per security. There is participation from 44 investors, including promoters, existing shareholders, and marquee investors.

The funds will mainly be used to acquire the Imperial Blue business division and for general corporate purposes. Chairman and MD Amit Dahanukar will subscribe to warrants worth about Rs 306 crore, showing strong promoter support.

The company recently signed a definitive agreement to acquire Imperial Blue from Pernod Ricard India. This acquisition is through a slump sale at an enterprise value of € 412.6 million (approximately Rs 4,150 crore). The deal includes a deferred payment of 28 million euros (approximately Rs 282 crore) due four years after the closure.

Imperial Blue, India’s third-largest whisky brand by volume, reported Rs 3,067 crore in revenue for FY25. The acquisition will strengthen Tilaknagar’s position in the brandy and whisky segments, the two largest IMFL categories.

At 9:54 AM, the shares of Tilaknagar Industries were trading 3.73% lower at Rs 491 on NSE.

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