मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Tata Consumer acquires Capital Foods, Organic
Mint Mumbai
|January 13, 2024
The total addressable market for the categories that Organic India is present in is ₹7,000 cr in India
Tata Consumer Products Ltd (TCPL) on Friday signed definitive agreements to acquire 100% equity shares of Capital Foods, owner of the brands Ching’s Secret and Smith & Jones, and Organic India, a company that sells organic herbal teas and health foods.
While the acquisition of Capital Foods will be in a phased manner, TCPL will acquire 100% of Organic India in an all-cash deal.
TCPL will pay an enterprise value on a no cash-no debt basis of ₹5,100 crore for 100% stake in Capital Foods. While 75% of the equity shareholding will be acquired upfront, the remaining 25% will be acquired within the next three years, TCPL said in a filing to the exchanges on Friday evening.
For a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earnout for the shareholders linked to FY26 audited financials of the company. The estimated turnover of Organic India for FY24 is ₹360 - 370 crore, up from ₹324.4 crore in FY23.
यह कहानी Mint Mumbai के January 13, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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