GeeCee Ventures Completes ₹19.10 Crore Equity Acquisition in TIL

GeeCee Ventures Ltd has announced the completion of its acquisition of 5,00,000 equity shares in Tilaknagar Industries Limited (TIL). This acquisition follows the conversion of convertible warrants initially subscribed by GeeCee Ventures. The transaction was finalized on November 20, 2025, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The equity shares acquired through this conversion rank pari-passu with the existing equity shares of TIL.

The total cost of the acquisition was ₹19.10 Crores, with each warrant priced at ₹382. GeeCee Ventures had previously completed the payment of 75% of the total consideration, amounting to ₹14.33 Crores, on October 31, 2025. This payment facilitated the conversion of the warrants into equity shares. The acquisition represents approximately 0.20% of TIL’s total diluted share capital.

The acquisition is part of GeeCee Ventures’ investment activities. The company initially subscribed to 5,00,000 convertible warrants issued by TIL on a preferential basis. The conversion of these warrants into equity shares was conducted in accordance with the terms of the preferential issue. The shares acquired are intended to enhance GeeCee Ventures’ investment portfolio within the Breweries & Distilleries sector.

TIL, a company engaged in the manufacturing and marketing of Indian Made Foreign Liquor (IMFL), reported a turnover of ₹3,174 Crores for the fiscal year ending March 31, 2025. The company is known for its flagship brand, Mansion House Brandy, and also produces whisky, rum, vodka, and gin. TIL’s financial metrics include an authorized capital of ₹310 Crores, a paid-up capital of ₹208 Crores, and a net worth of ₹882 Crores as of March 31, 2025.

The acquisition was completed on November 20, 2025, following the allotment of shares by the Finance Committee of the Board of Directors of TIL. The transaction was communicated to the stock exchange at 1:25 p.m. on the same day. No governmental or regulatory approvals were required for this acquisition, and the transaction was conducted as a cash consideration.

Tilaknagar Industries Limited operates in the Breweries & Distilleries sector, primarily focusing on the production and marketing of alcoholic beverages. The company has a significant presence in India and has shown consistent growth in turnover over the past three years.

GeeCee Ventures Ltd is engaged in investment activities across various sectors. The company’s strategic focus includes expanding its investment portfolio and enhancing shareholder value through targeted acquisitions and investments. GeeCee Ventures continues to explore opportunities that align with its business objectives and investment criteria.