GeeCee Ventures completes Tilaknagar warrants payment, increases stake

GeeCee Ventures Limited has completed the payment for 500,000 convertible warrants in Tilaknagar Industries Limited (TIL), a move set to increase its equity stake in the distillery. The company paid the remaining 75% of the total consideration, amounting to ₹14.33 crore, on October 31, 2025. This follows an initial 25% payment, as previously disclosed.

Upon conversion, each warrant will become one equity share, resulting in GeeCee Ventures holding approximately 0.20% of TIL’s total share capital. The total cost of acquisition for these shares stands at ₹19.10 crore, with a price of ₹382 per warrant. The conversion into equity shares is expected to be completed by November 30, 2025.

Tilaknagar Industries Limited, established in 1933, specializes in Indian Made Foreign Liquor, boasting a turnover of ₹3,174.62 crore for the financial year 2024-2025. This acquisition is part of GeeCee Ventures' investment activities.