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TCPL to speed up new acquisition integration
Hindustan Times
|January 15, 2024
Tata Consumer Products Ltd (TCPL) will continue to look for opportunities to expand its business in the Indian market, even as it rushes to integrate the recently announced Organic India and Capital Foods acquisitions into the business, said a top executive at the salt and tea maker.
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On Friday, TCPL signed definitive agreements to acquire 100% equity shares of Capital Foods, owner of the Ching's Secret and Smith & Jones brands, and Organic India, a company that sells organic teas and health foods.
TCPL will pay an enterprise value on a no cash-no debt basis of ₹5,100 crore for 100% stake in Capital Foods, and for a 100% stake in Organic India, TCPL will pay 21,900 crore, along with an additional earnout for the shareholders linked to FY26 audited financials of the company, the company said while announcing the acquisitions Friday.
Cette histoire est tirée de l'édition January 15, 2024 de Hindustan Times.
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