Restaurant India News: Tilaknagar Industries Plans Major Push with Rs 2,296 Crore Capital Raise

Tilaknagar Industries Limited (TI), listed on BSE (507205) and NSE (TI), has announced that its Board of Directors has cleared a preferential issue of securities—both equity shares and warrants—worth around Rs 2,296 crore. The securities will be issued at a price of Rs 382 per unit, calculated as per Regulation 164 of the SEBI ICDR Regulations.

The company has stated that the funds raised from this issue will primarily be directed toward acquiring the Imperial Blue brand and for general corporate purposes.

This issue will involve a total of 44 investors, a mix of promoters and existing investors. Of these, nine investors will invest through equity shares, bringing in about Rs 549 crore, while the other 35 investors will opt for warrants, contributing roughly Rs 1,747 crore. Based on the terms, Rs 437 crore—25 percent of the warrants’ value—will be paid during allotment, with the remaining Rs 1,310 crore due upon conversion of the warrants into equity shares.

The promoter group will also participate in this fundraising. Amit Dahanukar, Chairman and Managing Director of TI, is subscribing to warrants valued at nearly Rs 306 crore. Other key investors include Axana Estates LLP, SMALLCAP World Fund Inc, TIMF Holdings, funds managed by Abakkus Asset Manager Private Limited, Bandhan Mutual Fund, Arpit Khandelwal, along with several institutional investors and high-net-worth individuals.

This capital raise marks a major financial decision for TI at a time when competition in the Indian-Made Foreign Liquor (IMFL) segment continues to grow. For the hospitality and liquor retail sectors, the proposed acquisition of Imperial Blue could reshape brand positioning and market strategies in the premium segment.