Tata Consumer Products to acquire Organic India deleciousfood.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deleciousfood.com Daily Mail and Mail on Sunday newspapers.
Under the deal, Tata Consumer will acquire 75% stake in Capital Foods, and the balance 25% will be purchased within 3 years, the Tata Group company said in an exchange filing.
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
Tata Consumer Products Ltd (TCPL) will acquire Capital Foods and Organic India in separate deals. These acquisitions align with TCPL s strategic intent to expand its product portfolio.