Tilaknagar to raise ₹2,296 crore via securities

Tilaknagar Industries Ltd. (TI) has announced that its Board of Directors has approved a preferential issue of securities (equity shares and warrants) amounting to approximately ₹2,296 crore. The issue price of ₹382 per security is in compliance with the pricing determined under regulation 164 of the SEBI ICDR Regulations.

The company intends to utilise the proceeds raised through the preferential issue (issue proceeds) towards acquisition of Imperial Blue brand and general corporate purpose.

A total of 44 investors are participating in this issue, including promoters and existing prominent investors. Of these, nine investors are subscribing through equity shares, contributing approximately ₹549 crore. The remaining 35 investors are participating through warrants, raising around ₹1,747 crore. As per the terms, ₹437 crore (25 percent of the warrants issue size) will be payable at the time of allotment of warrants, while the balance ₹1,310 crore will be received upon conversion into equity shares.

The promoter group is actively participating in the issue with Amit Dahanukar, Chairman and Managing Director of TI, subscribing to warrants worth nearly ₹306 crore. Other notable investors include Axana Estates LLP, Smallcap World Fund Inc., TIMF Holdings, funds managed by Abakkus Asset Manager Pvt. Ltd., Bandhan Mutual Fund, Arpit Khandelwal, and several other institutional and marquee high-net-worth individuals.

This fundraise marks a significant milestone in TI’s growth trajectory and reflects strong investor confidence in the company’s long-term vision and potential.