MUMBAI: Tata Consumer Products will elevate Rs 6,500 crore by concern of industrial papers and proper shares to pay for the proposed stake-purchases in Capital Foods and Organic India.
Last week, it had introduced the acquisition of a 75% stake in Capital Foods – the proprietor of Ching’s Secret and Smith & Jones manufacturers – for Rs 5,100 crore and a 100% curiosity in Organic India, marketer of the eponymous natural complement merchandise, for Rs 1,900 crore.
The firm, led by Sunil D’Souza, will elevate Rs 3,500 crore through industrial papers and one other Rs 3,000 crore by a rights concern.
Last week, it had introduced the acquisition of a 75% stake in Capital Foods – the proprietor of Ching’s Secret and Smith & Jones manufacturers – for Rs 5,100 crore and a 100% curiosity in Organic India, marketer of the eponymous natural complement merchandise, for Rs 1,900 crore.
The firm, led by Sunil D’Souza, will elevate Rs 3,500 crore through industrial papers and one other Rs 3,000 crore by a rights concern.
