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Tilaknagar Industries gets nod to invest Rs 1 crore in Incredible Spirits

28 Oct 2022 Evaluate

Tilaknagar Industries has received an approval for investment not exceeding Rs 1 crore in Incredible Spirits (ISPL). ISPL is presently developing a Ready-to-Drink (RTD) Alcoholic Shots drink. The investment of Rs 1 crore will be made in the Equity shares of ISPL. Post the investment in the Equity shares, Tilaknagar Industries shall hold 19.50 % in ISPL. With this investment, Company plans to inorganically have a presence in a new vertical of convenience-based, disruptive alcobev products. The Finance Committee of the Company at its Meeting held on October 27, 2022, has inter-alia considered and approved the same.

Tilaknagar Industries is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. The company has a leading market position in the southern and western parts of India.

Tilaknagar Inds Share Price

459.90 -9.25 (-1.97%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1281.10
United Breweries 1421.10
Radico Khaitan 3475.75
India Glycols 1152.65
Allied Blenders 591.65
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