Tilaknagar Industries has made a follow-on investment of Rs 10.66 crore in Spaceman Spirits Lab (SSL), the maker of premium craft spirits. While Rs 9.15 crore is part of the previously announced Rs 13.15 crore investment envisaged under the September 2024 agreement between the company and SSL, the balance Rs 1.51 crore is being invested to acquire shares from some of the early shareholders in SSL.
With this investment, the company’s stake in SSL will increase from 12.98% to 21.36% on a fully-diluted basis. The definitive agreements further provide the company with the option to invest additional capital or acquire further stake from other shareholders at a pre-determined valuation methodology, subject to SSL achieving certain pre-agreed milestones.
In addition to the portfolio expansion, SSL and Tilaknagar Industries will also benefit from the business operations under the Usership Agreement between SSL and the company. As per the agreement, Tilaknagar Industries will leverage its robust distribution network to sell Samsara Gin, Sitara Rum and Amara Vodka in certain states in India and abroad. Business under the Usership Agreement has been initiated in May 2025.
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.
