Tata 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.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.