Tata Consumer Plans share price decline following the company announce Rs 3500 crore rights issue for acquisitions

Tata Consumer, in the wake of its acquisition announcements of Capital Foods and Organic India, reveals plans for a Rs3500 crore rights issue. The company aims to fund these strategic acquisitions through a combination of debt and equity, supplementing its existing Rs3000 crore cash reserve with an additional Rs4000 crore.

As of 10:53 am, Tata Consumer shares reflected a slight dip, trading 1.54% lower at ₹1,141.15. Despite the temporary market fluctuation, the company moves forward with financial initiatives to fortify its position and drive growth through the proposed acquisitions.