Tata Consumer Products Limited (TCPL) has successfully concluded the acquisition of Organic India Private Limited, acquiring the remaining 8,750 equity shares of ₹10 each on December 13, 2024. With this purchase, TCPL now owns 100% of Organic India, establishing it as a wholly owned subsidiary.
Acquisition Details:
- Total Paid-up Equity Capital of Organic India: 8,26,16,027 equity shares of ₹10 each.
- Previously Acquired Stake: 8,26,07,277 equity shares, representing 99.99% of the paid-up equity.
- Completion Date: December 13, 2024.
Strategic Importance:
This acquisition aligns with Tata Consumer’s strategy of expanding its footprint in the organic and wellness market. Organic India, known for its premium range of organic teas and wellness products, complements TCPL’s existing portfolio, enabling deeper penetration into the fast-growing health and wellness segment.
Background:
The acquisition process began in January 2024, with TCPL acquiring a significant majority stake from Fabindia Limited. Following incremental acquisitions throughout the year, the company has now consolidated complete ownership.
