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Tata Consumer buys 100% stake in Capital Foods for ₹5,100 crore

Livemint

Livemint · 1y ago

Tata Consumer buys 100% stake in Capital Foods for ₹5,100 crore

Tata Consumer Products has acquired a 100% stake in Capital Foods, known for its brands Ching's Secret and Smith & Jones, in a cash deal valued at ₹5,100 crore. The acquisition will be phased, with Tata initially acquiring 75% of the equity shareholding and the remaining 25% over the next three years. This strategic move will allow Tata to expand its product offerings and tap into the fast-growing non-Indian cuisines segment. The combined market size of the categories in which Capital Foods operates is estimated to be ₹21,400 crore.

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Related News

Tata Consumer eyeing two acquisitions; Apax puts Healthium on the block

VCCircle

VCCircle · 1y ago

Tata Consumer eyeing two acquisitions; Apax puts Healthium on the block

Tata Consumer Products is reportedly set to acquire a 75% stake in Capital Foods Pvt. Ltd, the company behind Ching’s Secret. Additionally, Tata Consumer Products is said to be in talks to make another acquisition in the FMCG sector. Apax, on the other hand, is said to be selling its stake in Healthium.

Tata Consumer Products to raise ₹3,500 crore for acquisitions

Livemint

Livemint · 1y ago

Tata Consumer Products to raise ₹3,500 crore for acquisitions

Tata Consumer Products has announced a fundraising proposal of ₹3,500 crore for the acquisition of stakes in Capital Foods and Organic India. The funds will be raised through issuance of Commercial Papers and equity shares. The acquisition of Organic India aims to expand Tata Consumer's product portfolio in the organic segment, while the acquisition of Capital Foods aims to tap into the growing market of Indian and Western cuisine ingredients. The total addressable market for these acquisitions is estimated at ₹7,000 crore in India and ₹75,000 crore in international markets.

After ₹7,000 crore M&A deals, Tata Consumer hungry for more acquisitions

Thehindubusinessline

Thehindubusinessline · 1y ago

After ₹7,000 crore M&A deals, Tata Consumer hungry for more acquisitions

Tata Consumer Products Limited (TCPL) is open to further acquisitions after acquiring Capital Foods and Organic India. The company is focusing on acquiring businesses that offer operational value. TCPL aims to integrate both recent acquisitions within 100 days. The company plans to incorporate the three manufacturing plants of Capital Foods into its facilities. TCPL has a distribution reach of 3.9 million outlets in India and intends to operate a dedicated pharmaceutical distribution network in partnership with Organic India.

Tata Motors' finance unit to merge with Tata Capital

VCCircle

VCCircle · 1y ago

Tata Motors' finance unit to merge with Tata Capital

Tata Motors' vehicle financing unit, Tata Motors Finance, will merge with non-banking financial company Tata Capital through a share swap deal. Shareholders of Tata Motors Finance will receive 37 Tata Capital shares for every 100 shares they hold. The merger aligns with Tata Motors' objective of exiting non-core businesses. Tata Capital, the financial services arm of the Tata Group, provides vehicle loans, home loans, and education loans. After the merger is completed, Tata Motors will hold a 4.7% stake in the merged entity.

Titan Buys Remaining 0.36% Stake In CaratLane For INR 60 Cr

Inc42 · 1y ago

Titan Buys Remaining 0.36% Stake In CaratLane For INR 60 Cr

Indian watchmaker Titan has acquired the remaining 0.36% stake in jewellery brand CaratLane for INR 60.08 crore ($8.2m). This means CaratLane will become a wholly-owned subsidiary of Titan. Last year, Titan purchased a 27.18% share in CaratLane for INR 4,621 crore, taking its total stake to 99.64%. CaratLane manufactures and sells jewellery in India and the US and had a turnover of INR 2,177 crore in the financial year 2022-23. The acquisition is expected to be completed by the end of March. The Tata Group, which owns Titan, also holds stakes in startups 1mg and BigBasket.

Capital Group buys 6.24% stake in PB Fintech for ₹2,770 cr: Report

Internet

Internet · 1y ago

Capital Group buys 6.24% stake in PB Fintech for ₹2,770 cr: Report

Capital Group purchased an additional 6.24% stake in Policybazaar's parent company PB Fintech for an estimated ₹2,770 crore, Moneycontrol reported. The US-based financial services company reportedly raised its stake over the last three months through its two funds. Capital Group now holds a 7.91% stake in the fintech company, the report said.

GQG Partners buys 0.8 per cent stake in Airtel for over $700 million

Thehindubusinessline

Thehindubusinessline · 1y ago

GQG Partners buys 0.8 per cent stake in Airtel for over $700 million

US investment firm GQG Partners has acquired a 0.8% stake in Indian telecom company Bharti Airtel from Singapore Telecommunications (Singtel) for $712.5m. Singtel sold 49 million shares at INR 1,193.7 each, reducing its stake in Airtel to 29%. GQG Partners made headlines in March 2023 when it invested in Adani Group companies. The firm has also invested in other Indian firms, including JSW Energy, Patanjali Foods, IDFC First Bank and GMR Airports Infrastructure, with its India portfolio valued at around $22bn. Singtel said the deal was part of its capital recycling efforts to unlock value.

We are not in discussions with Haldiram's for stake acquisition, says Tata

IndianStartupNews

IndianStartupNews · 1y ago

We are not in discussions with Haldiram's for stake acquisition, says Tata

Tata Consumer Products and Haldiram's have both denied reports of negotiations regarding a stake acquisition. Tata Consumer Products refuted claims that it is in talks to acquire at least a 51% stake in Haldiram's, citing a $10 billion valuation demand as a reason for hesitation. Haldiram's also stated that it is not engaged in any discussions with Tata Consumer Products regarding a stake sale. These statements come in response to a Reuters report suggesting negotiations between the two companies.

Peepul Capital hires Avendus to sell stake in Unibic Foods

Livemint

Livemint · 1y ago

Peepul Capital hires Avendus to sell stake in Unibic Foods

Peepul Capital is looking to sell its stake in Unibic Foods India, the Indian branch of Unibic Biscuits. The private equity firm has engaged Avendus Capital to explore options for divesting either a part or all of its stake in the company. Unibic Foods has reported solid financial performance, with operating income increasing to ₹596 crore in FY22 and revenues growing by 32% in the first seven months of FY23. Unibic operates in the premium cookie market, facing stiff competition from established brands in India's crowded biscuit market.

India's Tata seeks control of Haldiram's, snack maker wants $10 billion valuation

Reuters · 2y ago

India's Tata seeks control of Haldiram's, snack maker wants $10 billion valuation

Tata Group's consumer unit is in discussions to acquire at least 51% of popular Indian snack food maker Haldiram's, but it's hesitant about the $10 billion valuation. Haldiram's is also considering selling a 10% stake to private equity firms, including Bain Capital. Tata Consumer Products, which owns Tetley and has a partnership with Starbucks in India, finds the valuation high given Haldiram's annual revenue is around $1.5 billion. If the deal goes through, Tata would compete with Pepsi and Reliance Retail. Tata Consumer shares surged nearly 4% on the news.

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