IGI Logo

Tata Consumer Products is currently trading at Rs. 1151.60, up by 4.55 points or 0.40 % from its previous closing of Rs. 1147.05 on the BSE.

The scrip opened at Rs. 1158.30 and has touched a high and low of Rs. 1165.00 and Rs. 1147.85 respectively. So far 42297 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1216.30 on 15-Jan-2024 and a 52 week low of Rs. 685.00 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1216.30 and Rs. 1122.30 respectively. The current market cap of the company is Rs. 107022.14 crore.

The promoters holding in the company stood at 34.42%, while Institutions and Non-Institutions held 42.15% and 23.43% respectively.

Tata Consumer Products has received approval to raise funds through the issuance and allotment of Commercial Papers, for an amount not exceeding Rs 3,500 crore, to be utilized for bridge funding to facilitate the payment of consideration for proposed acquisition of stakes in Capital Foods and Organic India. The Board of Directors of the Company at its meeting held on January 19, 2024, considered and approved the same. 

Meanwhile, the company has also received approval to raise funds by way of issue of equity shares of the Company of face value Re 1 each through Rights Issue for an amount not exceeding Rs 3,000 crore to the eligible equity shareholders of the Company as on the record date (to be determined by the ‘Capital Raising Committee’ of the Board in due course) subject to receipt of statutory / regulatory approvals, as may be applicable in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosures Requirements) Regulations, 2018 and other applicable laws. The Board of Directors of the Company at its meeting held on January 19, 2024, considered and approved the same.

Tata Consumer Products is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The company’s portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals.