Tata Consumer Products Ltd (TCPL) is poised to acquire Organic India, backed by Fabindia, and Capital Foods, renowned for the brand Ching’s Secret, according to sources cited by the Economic Times. TCPL will reportedly secure a controlling stake in Organic India at a valuation of Rs 1,800 crore and a 75% stake in Capital Foods at Rs 5,100 crore. This strategic move aims to broaden TCPL’s product range, enabling direct competition with Nestle’s Maggi in the instant noodles market. The acquisitions align with TCPL’s goal, as stated by CEO Sunil D’Souza, to acquire brands with global reach, enhancing the company’s market presence.
Tata Consumer Products Set to Acquire Organic India and Capital Foods
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/01/12191558/1638876564-6642.jpg)