Tata Consumer Products Limited (NSEI:TATACONSUM) agreed to acquire 75% stake in Capital Foods Private Limited at an enterprise value of INR 51 billion on January 12, 2024. Board of Directors of Tata Consumer approved the fund raising proposal for issuance and allotment of Commercial Papers, for an amount not exceeding INR 35 billion to be utilized for bridge funding to facilitate the payment of consideration for proposed acquisition of stakes in Capital Foods Private Limited and Organic India Private Limited. Ankit Mishra of Anagram Partners acted as legal advisor to Capital Foods Private Limited.

Haigreve Khaitan, Surbhi Kejriwal, Anshuman Mozumdar, Shailendra Bhandar, Amit Haresh Wadhwani, Anshul Prakash, Kingshuk Banerjee, Anshuman Sakle and Vinita Krishnan of Khaitan & Co. acted as legal advisor and Kotak Mahindra Capital Company Limited acted as financials advisor to Tata Consumer Products Limited.