Key Points
Tata Consumer Products (TCPL) would fund its acquisitions of Capital Foods Ltd and Organic India Ltd having a combined enterprise value of Rs 7,000 crore, through internal cash reserve and bridge financing, MD and CEO Sunil D'Souza said on Sunday..
Both the acquisitions operate in areas which offer "huge runway for growth", where margins are "far accretive" and business is growing at a healthy pace, he said.. Besides, TCPL will continue to strengthen its portfolio in the food & beverage segment organically to fill the gaps but it will also scout for inorganic growth opportunities if someone offers a better brand, technology and team, he added...
Last Friday, TCPL announced complete acquisition of Capital Foods, which owns brands like Ching's Secret and Smith & Jones, at an enterprise valuation of Rs 5,100 crore and Fab India-backed Organic India, which operates in the health and wellness category, at an enterprise value of Rs 1,900 crore...
Right now we are exploring all options including a possible rights issue as we go forward," he said.. TCPL, which is a relatively new company in the FMCG sector, has made some acquisitions in the past to increase its play in the food segment and would continue to evaluate more options...
We have defined our strategic priorities in terms of which are the categories that we will operate in whether it is our core, we will look at the pantry now we have got Sampann Foods and Capital Foods to play in the pantry," he said.. Besides, TCPL is looking to move up the value chain...
You might be interested in
TCPL to acquire Capital Foods, Organic India; cos jointly valued at Rs 7,000 cr
13, Jan, 24New Delhi, Jan 12 (PTI) Tata Consumer Products Ltd (TCPL) on Friday announced acquisitions of Capital Foods, which owns popular Ching’s Secret brand, and Fab India-backed Organic India for a combined enterprise value of Rs 7,000 crore. The latest buyouts will bolster the Tata Group company in the fast growing and highly competitive market. The […]
Tata Consumer Products plans Rs 3,500-cr rights issue to fund acquisitions of Capital Foods, Organic India: Report
15, Jan, 24TCPL on Friday announced acquisition of 100% equity shares of Capital Foods for Rs 5,100 cr and Fabindia-backed Organic India for Rs 1,900 cr
Tatas to buy Ching's co, Organic India
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 signs pacts to buy Capital Foods, Organic India
13, Jan, 24TCPL will acquire 75% of Capital Foods upfront and the remaining 25% over the next three years. Invus Group and US private equity group General Atlantic will divest their respective 40% and 35% stakes. Invus is a European family office and investment arm. ET was the first to report both acquisitions in its January 12 edition.
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.
Global, Indian FMCG companies in race for Capital Foods
03, Apr, 23Nestle, HUL, Kraft Heinz, Tata, ITC, Nissin Foods, Orkla among those in fray for $1bn-$1.25 bn buyout. Non-binding bids expected in early May.
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
13, Jan, 24The FMCG company said that it would initially acquire 75 percent of the equity shareholding, with the remaining 25 percent to be procured over the next three years.