Shares of Tilaknagar Industries Ltd declined sharply by 4.55% to trade at ₹486.85 on the NSE at 10:05 AM on July 30, 2025, following a major fundraising announcement. This comes just a day after the stock touched its 52-week high, signaling profit booking amid equity dilution concerns.

The company's board has approved a preferential issue of securities worth approximately ₹2,296 crore. The proceeds will be primarily used to fund the strategic acquisition of the popular Imperial Blue brand and for general corporate purposes. The issue price has been fixed at ₹382 per share, aligning with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations.

This major capital infusion signals Tilaknagar’s aggressive expansion strategy in the Indian liquor market, as it aims to broaden its premium portfolio. However, the equity issuance at a significant discount to the market price has triggered short-term selling pressure.

Analysts believe that while the acquisition could enhance long-term brand value and market share, near-term sentiment may remain cautious due to dilution impact. Market participants will also watch for further clarity on the integration timeline and financial implications of the Imperial Blue acquisition.