M&A

M&A

Tata Consumer to buy Organic India for Rs.1,900-Cr

Press Release   Economic Times  

Publicly listed Tata Consumer Products Ltd (TCPL) is to fully acquire New Delhi-headquartered Organic India , the Fabindia-backed organic teas and health products maker, for INR 1,900 crore in an all cash deal. Kotak Investment Banking, Trilegal and Sidley Austin have been TCPL’s exclusive financial and legal advisors for the acquisition.Organic India, a 25+ years established brand, claims to have a geographical footprint covering over 48 countries, substantially from India and the USA. Its product portfolio spans herbal supplements, tea & infusions and organic packaged foods. It has a portfolio of over 100 products in the Health & Wellness space.