Tata Consumer to consider fundraising via debt issue. Details here

Tata Consumer board will consider and approve fundraising through debt issues in its board meeting scheduled on 19th January 2024. The Tata group company informed Indian exchanges about the plan in its latest exchange filing on Friday evening. Tata Consumer debt issue details In one of its latest on Friday at Indian bourses, Tata Consumer said, "In accordance with Regulation 29(1)(d) of the Listing Regulations, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 19, 2024, to consider, inter alia, the proposal for fund raising by debt issue in the form of commercial papers/debentures and equity issue through Rights Issue or any other appropriate mode, as may be decided by the Board, subject to requisite approvals." Tata Consumer news This is the second major corporate announcement made by Tata Consumer Products Ltd on Friday.

Earlier, the company had announced the acquisition of Organic India, a ‘better for you’ organic brand spanning Food & Beverages and Nutraceutical categories. Tata Consumer Products announced on Friday that it has signed definitive agreements to acquire up to 100% of the issued equity share capital of Organic India, one of the strongest ‘better for you’ organic brands spanning Food & Beverages and Herbal & Traditional Supplements.

This move is consistent with Tata Consumer’s strategic intent to expand its product portfolio and its target addressable market in fastgrowing/high margin categories. This acquisition will create a Health & Wellness platform for Tata Consumer Products. The total addressable market for the categories that Organic India is present in is 7,000 crores in India and 75,000 crores in international markets where Tata Consumer has a strong presence.

This acquisition will provide significant synergy benefits in distribution, logistics, and overheads apart from driving portfolio premiumization and unlocking additional channels and new markets. Structural growth drivers for this portfolio include increasing demand for Health & Wellness products, growing consumer awareness around wellness, and changing consumer preferences.

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