Tilaknagar Industries picks up minority stake in Samsara gin maker1 min read 29 Mar 2023, 06:02 PM IST
The company has considered and agreed to invest in two tranches an aggregate sum of ₹9.75 crore in the securities of Spaceman Spirits Lab Private Limited through a combination of equity and compulsory convertible preference shares
New Delhi: Alcoholic beverages company Tilaknagar Industries Ltd., on Wednesday said it will invest ₹9.75 crore in Spaceman Spirits Lab Private Limited that markets craft gin under the Samsara brand. Post the investment, the company shall hold 10% of the issued and paid up share capital in SSLPL on a fully diluted basis.
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