Tata Consumer announces two new acquisitions

1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more

Promoter funds continue to sell from Sapphire Foods

Promoters (funds) owned 41.69% of Sapphire Foods at at September 30, 2023. This was almost 10% lower than 51.26% they held post IPO in November 2021. Two promoter entities have now further sold 5.9%  stake in the restaurant operator for Rs 530 crore through open market transactions. Earlier this month, another promoter entity had offloaded … Read more