The company had opened the issue on August 5.
Tata Consumer Products Ltd on Monday said it has closed its rights issue worth Rs 3,000 crore.
The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing.
The capital raising committee meeting of the board of directors of the company held on July 23, 2024, approved the terms of issue of equity shares with a face value of Re 1 each by way of rights issue for an aggregate consideration of up to Rs 2,997.77 crore, it added.
“The issue opened on Monday, August 5, 2024 at 9 a.m. and closed today (Monday), August 19, 2024 at 5 p.m.,” the document reads.
In January this year, the company’s board had approved a fundraising proposal of Rs 3,500 crore, which would be used for acquiring stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd.
The company had said that the fundraising through issuance of equity shares with a face value of Rs 1 each would not exceed Rs 3,000 crore.
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First published: August 19, 2024 | 20:06 IS
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