In a strategic move within the business and markets sector, Tata Consumer Products is set to acquire the entire stake in Capital Foods for a significant sum of Rs 5,100 crore.
The deal marks a substantial development in the consumer goods industry, highlighting Tata's commitment to expansion and diversification. Capital Foods, known for its popular brands like Ching's Secret, adds diverse food products to Tata's portfolio. This acquisition aligns with Tata's vision to strengthen its presence in the fast-growing packaged food segment. The Rs 5,100 crore investment underscores the company's confidence in the future prospects of the food and beverage market.