TILAKNAGAR INDUSTRIES : ACQUIRES 30.0% STAKE IN BLACK TIGER DISTILLERIES PRIVATE LIMITED

• TIL to subscribe to compulsory convertible preference shares and equity shares of BTD, representing 30.0% on a fully diluted basis • Aggregate consideration of ₹22,00,00,000/- (₹22 Cr) in two tranches • BTD is engaged in the business of tequila and agave spirits • Impact: Positive (Strategic investment to strengthen presence in tequila and agave spirits segment)

Tilaknagar Industries Limited

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