Tata Consumer to fund two acquisitions with cash reserve, bridge financing

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10 months ago

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.

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Economic Times

Topics:

Tata Consumer

Tata Consumer Products

Sunil D'Souza

Capital Foods

Organic India

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