On Friday, TCPL signed definitive agreements to acquire 100% equity shares of Capital Foods, owner of the Ching’s Secret and Smith & Jones brands, and Organic India, a company that sells organic teas and health foods. TCPL will pay an enterprise value on a no cash-no debt basis of ₹5,100 crore for 100% stake in Capital Foods, and for a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earn-out for the shareholders linked to FY26 audited financials of the company, the company said while announcing the acquisitions Friday.
Diese Geschichte stammt aus der January 15, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 15, 2024-Ausgabe von Mint Mumbai.
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