Tata acquires capital foods for Rs. 5,100 crore

Tata Consumer Products said that it was acquiring Mumbai-based Capital Foods, which makes the Ching’s Secret and Smith & Jones brands, for an enterprise value of Rs.5,100 crore. The company said that it had entered into a share purchase deal and shareholders agreement to acquire the firm in an all-cash deal.

Tata Consumer has also acquired Organic India, promoted by Fabindia, for an enterprise value of Rs.1,900 crore. The company is into organic tea’s and health foods. The deal with Organic India values the firm at over 5 times its FY24 estimates sales of Rs.560-570 crore.