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.
