Tata Consumer Products Ltd Concludes Rs 3,000 Crore Rights Issue

Tata Consumer Products Ltd has successfully closed its Rs 3,000 crore rights issue, initiated on August 5, 2024. This move follows a previous board approval for a Rs 3,500 crore fundraising aimed at acquiring stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd.

Tata Consumer Products Ltd has announced the successful closure of its Rs 3,000 crore rights issue, according to its latest regulatory filing. The issue, which commenced on August 5, 2024, concluded as planned on August 19, 2024.

The capital raising committee had, on July 23, 2024, greenlit the issuance terms for equity shares with a face value of Re 1 each as part of the rights issue.

Earlier this year, in January, the board had sanctioned a Rs 3,500 crore fundraising proposal aimed at acquiring significant stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd.

(With inputs from agencies.)