The issue price will be RS382 per security and 44 investors participate in this issue, including promoters and existing investors. On Tuesday, the share of Tilaknagar rose by 0.27% to close RS 510.45 each.
“Nine investors of this subscribe through shares, which contributes around RS549 Crore. The remaining 35 investors participate in Warrants, who rise around RS1.747 Crore,” said it in submitting it.
According to the conditions, RS437 CRORE or a quarter of the warrants will owe at the time of allocation of warrants, while the balance RS1.310 Crore will be received after conversion in shares.
While the promotional group participates in the issue under the leadership of Amit Dahanukar, who will subscribe to Warrant worth RS306 CRORE, his other investors Axana Estates LLP, Smallcap World Fund Inc, Timf Holdings, Fondsen Mutual, Bandhan High-Net-Net Particuliers.
Last week Tilaknagar signed an agreement to acquire Imperial Blue for about RS4150 Crore in an All-Cash Deal, in which the Whiskey Segment enters that good for about two-thirds of India’s Spirits Market. Tilaknagar, who will increase Mansion House Brandy, including RS6500 Crore, including UPTO RS2. Debt climbing in one or more tranches.
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