Acquisitions13 Jan 2024, 02:13 am
Tata Consumer Products to Acquire Capital Foods for Rs. 750-770 Crore
AI Summary
Tata Consumer Products Ltd has announced the acquisition of 100% equity share capital of Capital Foods Private Limited for Rs. 750-770 crore. The acquisition is subject to fulfillment of various terms and conditions specified in the Share Purchase Agreement and Shareholders' Agreement. The company has entered into the agreement with the existing promoters and shareholders of the Target Company on January 12, 2024.,
Key Highlights
- Acquisition of Capital Foods for Rs. 750-770 crore
- 100% equity share capital to be acquired
- Subject to fulfillment of terms and conditions specified in SPA and SHA
- Company has entered into agreement with existing promoters and shareholders of Target Company on January 12, 2024