Funds Raise News Today

Acquisition of Organic India and Capital Foods consistent with Tata Consumers strategic intent to expand product portfolio and target addressable market.

The company has empowered the Finance Committee to, among other responsibilities, approve, execute, and oversee activities related to the Issue.

Electric Hydrogen: The funding was led by Fortescue, Fifth Wall and Energy Impact Partners and included new investors BP Ventures, Oman Investment Authority, Temasek, Microsofts Climate Innovation Fund, the United Airlines Sustainable Flight Fund among others. The company did not immediately respond to request for details on the valuation at which the amount was raised. EH2 has raised over USD 600 mn since its founding in 2020.

The company said its board has given the nod for allotment of 76 lakh shares to the Capital Group company. (Representative Image)

With respect to the plan to mop up Rs 14,000 crore through issuance of non-convertible debentures and convertible securities, the company said, it had obtained shareholders approval in July 2022.

This was a Series D round led by Technology Crossover Ventures (TCV), which is known for backing Netflix, Spotify, Meta earlier