Tilaknagar Industries (TIL) has approved the execution of a share subscription and shareholders’ agreement for an investment in Black Tiger Distilleries Private Limited (BTD). The Finance Committee sanctioned an aggregate consideration of INR 22,00,00,000 (INR 22 Crores) for a 30% stake on a fully diluted basis. BTD operates in the tequila and agave spirits segment, a market TIL aims to strengthen its presence in.
Tilaknagar Industries Invests in Tequila Spirits Company
Tilaknagar Industries Ltd. (TIL) has announced a strategic investment, with its Finance Committee approving the execution of a share subscription agreement (SSA) and a shareholders’ agreement (SHA) with Black Tiger Distilleries Private Limited (BTD). This move signifies TIL’s intent to expand its footprint in the alcoholic beverages sector.
Investment Details
Under the SSA, TIL will subscribe to compulsory convertible preference shares (CCPS) and equity shares of BTD. This investment will represent 30.0% of BTD’s share capital on a fully diluted basis. The total aggregate consideration for this stake is set at INR 22,00,00,000 (Indian Rupees Twenty-Two Crores), to be paid in two tranches.
The first tranche involves an investment of INR 5,99,99,957.36 for 12.5% of BTD’s share capital, expected by October 31, 2026. The second tranche, amounting to INR 15,99,99,854.55, will bring TIL’s total holding to 30.0% and is expected by October 31, 2027.
Target Company Profile
Black Tiger Distilleries Private Limited is an Indian private limited company engaged in the business of tequila and agave spirits. The company has a presence through ‘Bodega Suprema No. 5’, offering products in Blanco, Reposado, and Anejo variants. BTD was founded by Mr. Mohnish Mehta and has a product developed in partnership with Productos Finos de Agave in Jalisco, Mexico.
Strategic Rationale
TIL aims to leverage this investment to strengthen its presence in the tequila and agave spirits segment, which has shown significant traction among consumers in India and is identified as a fast-growing category. The company reported that no governmental or regulatory approvals are required for this acquisition.
Meeting and Disclosures
The Finance Committee considered and approved these transactions during its meeting held on September 02, 2025, which commenced at 10:45 A.M. and concluded at 11:25 A.M. The company has provided detailed disclosures as per SEBI (LODR) Regulations in Annexure A and Annexure B.
Source: BSE
