New Delhi, 19 January: Tata Consumer Products Ltd (TCPL) has unveiled its strategy to raise Rs 3,500 crore through debt financing to facilitate the recent acquisitions of Capital Foods and Organic India. The decision was formalized during a board mee
The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding Rs 3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.
High interest rates: Blue chip firms shun bank loans for CPs hallmarknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hallmarknews.com Daily Mail and Mail on Sunday newspapers.
These schemes invest in both short term bonds and very short term instruments. They invest in treasury bills, commercial papers, certificates of deposits and so on to take care of their liquidity needs. They also invest in corporate bonds, government securities, etc.