Tata Consumer Products share price target: Tata Consumer Products' Board of Directors has approved a Rs 6,500-crore fundraising initiative to finance its recent acquisitions of Capital Foods and Organic India. Given the latest development, should investors consider buying Tata Consumer Products shares?, Markets News, Times Now
Tata Consumer Fundraising: Following a board meeting, the company announced that it will raise funds through the issuance and allotment of commercial papers for an amount not exceeding Rs 3,500 crore, to be utilized for bridge funding to facilitate the payment of consideration for proposed acquisition of stakes in Capital Foods Private and Organic India.
The FMCG company added that 75 percent of the equity shareholding will be acquired upfront and the balance 25 percent shareholding will be acquired within the next three years
Mumbai: Tata Consumer Products on Friday announced its acquisition of a complete 100% stake in Capital Foods, the company that sells products under the brands Ching’s Secret and Smith & Jones, according to an exchange filing.