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Tag: Tata Consumers Products Limited

  • TCPL to fund combined acquisitions by cash reserve & bridge financing

    TCPL to fund combined acquisitions by cash reserve & bridge financing

    Mumbai: Tata Consumers Products Limited (TCPL) would fund its acquisitions of Capital Foods Limited and Organic India Limited having a combined enterprise value of Rs 7000 crores. Through internal cash reserve and bridge financing, MD CEO Sunil Dsouza said on Sunday. ‘Both acquisitions operate in areas which offer’ far attractive ‘ and business is growing at a healthy pace,’ he said.

    Besides, TCPL will continue to strengthen its portfolio in the food and beverage segment organically to fill the gaps but also scout for inorganic growth opportunities if someone offers a better brand, technology, and team, he added.

    Last Friday TCPL announced the complete acquisition of Capital Foods which owns brands like Ching’s Secret and Smith & Jones at an enterprise valuation of Rs 5100 crore and Fab India backed organic India, which operates in the health and wellness category at an enterprise value of Rs 1900 crore.

    TCPL board is scheduled to meet on 19 January to consider the proposal for fundraising by debt issues in the form of commercial papers/debentures and equity issues.

  • Tata Coffee will merge with Tata Consumer Products Limited

    Tata Coffee will merge with Tata Consumer Products Limited

    Mumbai: Tata Coffee will merge with Tata Consumers Products Ltd ( TCPL). On Thursday The Board of Directors of TCL (Tata Coffee Limited) in collaboration with TCPL acknowledged the conditions under 29 clauses of provisions are fulfilled and stated in regulatory filings. The upcoming merger will be effective from 1 January 2024. It will be a composite scheme of arrangements among TCPL, and TCL.

    As per media reports, TCPL will issue one equity share to existing Tata Coffee shareholders. After demerger or amalgamation TCL will dissolve with the statutory process.

    Tata Consumer Products is known for its quality and innovation. Tata Consumers Limited has different product lines of Coffee, Tea, Salt, Liquid Foods, and beverages. In the last few years, Tata Consumers gave better returns on stock investment.

    This FMCG consolidated business will help Tata Group for its momentum to market share expansion. Tata Consumer Products also has a strong presence abroad in the FMCG segment. According to industry experts, it is likely to add to its earnings by 3-5%. In the next financial year.

    According to the Forbes India report, TCPL is the 8th largest FMCG player in India with a market cap of Rs 0.879 Lakhs Crores.