Key Points
Tata Consumer Products Ltd (TCPL) is all set to announce two marquee transactions the acquisitions of Capital Foods Pvt Ltd, the maker of condiments, food products, and ingredients under the Ching's Secret and Smith & Jones brands as well as Organic India, the Fabindia-backed organic teas and health products maker, ending months of negotiations, said people in the know...
TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore..
Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value...
ET in its August 4 edition was also the first to report that Tatas and ITC were eyeing a significant stake in Organic India the maker of a wide range of premium organic teas and foods supplements...
But Capital Foods and Organic India will be the first significant acquisitions in several years by Tata Consumer which had been focused on sharpening and scaling up its inhouse portfolio of brands..
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