India, July 30 -- Tilaknagar Industries Limited (TI), a prominent manufacturer in the Indian-Made Foreign Liquor (IMFL) segment, has announced that its Board of Directors has approved a preferential issue of securities—comprising equity shares and warrants—amounting to approximately Rs 2,296 crore. The issue price has been set at Rs 382 per security, in accordance with pricing guidelines under Regulation 164 of the SEBI ICDR Regulations.
The issue will see participation from a total of 44 investors, including company promoters and existing key shareholders. The proceeds from this preferential issue will primarily be used to fund the acquisition of the Imperial Blue (IB) business division and for general corporate purposes. Alon...