Cyril Amarchand Mangaldas Advised Tata Consumer Products On ₹2,991.32 Cr Fast-Track Rights Issue
Cyril Amarchand Mangaldas Advised Tata Consumer Products On ₹2,991.32 Cr Fast-Track Rights Issue
Cyril Amarchand Mangaldas acted as the legal counsel to Tata Consumer Products Limited on its fast-track rights issue of its equity shares aggregating to ₹ 2,991.32 crores.
The issue opened on August 5, 2024 and closed August 19, 2024
In January this year, the company's board had approved a fundraising proposal of Rs 3,500 crore, which was meant to be utilised for the acquisitions of stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd.
Kotak Mahindra Capital Company Limited, Axis Capital Limited and HSBC Securities and Capital Markets India Private Limited acted as the lead managers to the transaction.
The transaction team at Cyril Amarchand Mangaldas comprised of Senior Partner Yash J. Ashar, Partner Devaki Mankad, Principal Associate Rushab Dhandokia, Senior Associate Tanushri More and Associates Adwait Deshmukh, Shashwat S., Tanishq Mohta and Shivendra Mehndiratta.
