Tata Consumer to Raise ₹6,500 Crore for M&A Funding |

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MUMBAI: Tata Consumer Products will raise Rs 6,500 crore through issue of commercial papers and right shares to pay for the proposed stake-purchases in Capital Foods and Organic India.
Last week, it had announced the acquisition of a 75% stake in Capital Foods – the owner of Ching’s Secret and Smith & Jones brands – for Rs 5,100 crore and a 100% interest in Organic India, marketer of the eponymous herbal supplement products, for Rs 1,900 crore.
The company, led by Sunil D’Souza, will raise Rs 3,500 crore via commercial papers and another Rs 3,000 crore through a rights issue.

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