Key Points
New Delhi, Jan 12 (PTI) Tata Consumer Products Ltd (TCPL) on Friday announced acquisitions of Capital Foods, which owns popular Chings Secret brand, and Fab India-backed Organic India for a combined enterprise value of Rs 7,000 crore...
The Tata Group arm TCPL will acquire 100 per cent equity shares of Capital Foods, which owns brands like Chings Secret and Smith & Jones, at an enterprise valuation of Rs 5,100 crore...
TCPL has entered into a Share Purchase Agreement and Shareholders Agreement with the existing promoters and shareholders of Capital Foods for the acquisition of 75 per cent equity shareholding of the company from its various shareholders, in an all-cash deal...
The acquisition is in line with the Companys strategic intent of entering into new adjacent high growth/ attractive margin categories in the food and beverage space The acquisition will enable the creation of a health and wellness platform, it said...
Capital Foods acquisition will enable TCPL to expand its product portfolio and further strengthen its pantry platform...
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14, Jan, 24Tata Consumer Products (TCPL) plans to finance the acquisitions of Capital Foods Ltd and Organic India Ltd, totaling an enterprise value of Rs 7,000 crore, through internal cash reserves and bridge financing, according to MD and CEO Sunil D'Souza. Emphasizing the growth potential in these areas, D'Souza mentioned that TCPL aims to strengthen its food and beverage portfolio organically and explore inorganic opportunities. The board is set to consider fundraising proposals on January 19, including short-term debt and possible equity funding through options like a rights issue.
Tata Consumer Products to buy Capital Foods, Organic India
12, Jan, 24Tata Consumer Products to acquire Capital Foods and Organic India in a deal worth ₹7,000 crore.
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13, Jan, 24India Business News: Tata Consumer Products will acquire Capital Foods, best known as the maker of Ching's Secret desi-Chinese sauces and Smith & Jones ginger garlic paste
Tata Consumer set to acquire Capital Foods, Organic India
12, Jan, 24TCPL 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. That would peg the stake value at Rs 3,825 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.
Tata Consumer to raise Rs 6,500 crore to fund twin acquisitions
19, Jan, 24Tata Consumer Fundraising: Tata Consumer approves Rs 6,500-crore fundraising plan through commercial papers and rights issue to pay for recent acquisitions of Capital Foods and Organic India. The company will raise funds through the issuance of commercial papers for bridge funding and issue of equity shares through rights issue. Detailed terms of the rights issue will be announced later. The acquisitions align with Tata Consumer's strategy to become a strong player in the F&B industry with offerings in packaged foods, pantry-platform, cuisines, and organic products.
Tata Consumer signs deal to buyout Capital Foods for Rs 5,100-crore enterprise value
12, Jan, 24Under the deal, Tata Consumer will acquire 75% stake in Capital Foods, and the balance 25% will be purchased within 3 years, the Tata Group company said in an exchange filing.
Tata Consumer buys 100% stake in Capital Foods for ₹5,100 crore; Details here
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