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Tata Consumer ups F&B game with ₹7K cr acquisition
The Morning Standard
|January 14, 2024
TATA CONSUMER PRODUCT LTD has upped its food and beverages game with the acquisition of Capital Foods and Organic India at a cumulative price of ₹7,000 crore.
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Tatas bought Capital Foods at an enterprise value of ? 5,100 crore, while Organic India, a wellness brand from Fab India group, at an enterprise value of ₹1,700 crore.
The acquisitions will be financed through a combination of cash reserves available with the company, debt and equity issuance through rights Issue or any other modes. Both the acquisitions are likely to be completed by March-end.
This story is from the January 14, 2024 edition of The Morning Standard.
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