Tata Consumer Rights Issue Date, Price, Allotment, Entitlement

Tata Consumer Rights Issue is scheduled on 5 – 19 Aug 2024

Tata Consumer Products (TCPL), is a key entity in India’s fast-moving consumer goods (FMCG) sector and a member of the Tata Group. The company specializes in the manufacturing and marketing of food products and non-alcoholic beverages, with a strong focus on tea and coffee.

Today, Tata Consumer Products’ portfolio includes tea, coffee, water, ready-to-drink beverages, salt, pulses, spices, ready-to-cook and ready-to-eat products, breakfast cereals, snacks, and mini meals. Its key beverage brands are Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+. The food portfolio features brands such as Tata Salt, Tata Sampann, Tata Soulfull, Ching’s Secret, and Smith & Jones.

Tata Consumer Products operates in over 40 countries, with about 56% of its revenue coming from the Indian market. The company employs around 59,000 people worldwide and boasts significant production capacity, manufacturing millions of kilograms of tea annually across multiple estates and factories.

Also Read: Tata Group Companies: Comprehensive List of All Companies

Promoters of Tata Consumer Products – Tata Sons Private Limited

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Tata Consumer Rights Issue Details

Tata Consumer Rights Issue Date	5 – 19 Aug 2024
Tata Consumer Rights Issue Price	INR 818 per share
Issue Size (in Shares)	3,66,47,492 shares
Issue Size (in INR)	INR 2,997.77 crore
Issue Entitlement	1 equity shares for every 26 equity shares held on record date
Terms of Payment	Fully payable at the time of application
Tata Consumer Rights Issue Record Date	27 July 2024
Face Value	INR 1 per share
Listing On	BSE, NSE

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Tata Consumer Rights Issue Calculation

Tata Consumer Rights Issue Price	INR 818 per share
Market Price on Rights Issue Approval	INR 1,256.65 per share
Dilution Factor (X)	1.04
Fair Value After Dilution at Prevailing Price	INR 1,240.40 per share

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Tata Consumer Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	12,425	13,783	15,206
Expenses	10,707	11,927	12,922
Operating Margin (%)	14.00	13.00	15.00
Net Income	1,079	1,347	1,301
ROCE (%)	9.00	9.00	11.00

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Tata Consumer Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

• Repayment in full or buyback of the commercial papers issued/refinanced by the company for financing the acquisitions of the Acquired Companies – INR 2,940 crore
• General corporate purposes – INR 37.28 crore

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Tata Consumer Products Rights Issue Documents

• Tata Consumer Rights Issue Application Form
• Tata Consumer Letter of Offer
• Board Meeting Outcome
• Rights Issue in 2024

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Tata Consumer Rights Issue Dates

Rights Issue Approval Date	23 July 2024
Rights Issue Record Date	27 July 2024
Credit of Rights Entitlement	2 August 2024
Rights Issue Opening Date	5 August 2024
Last Date for Market Renunciation	12 August 2024
Rights Issue Closing Date	19 August 2024
Finalization of Basis of Allotment	23 August 2024
Rights Allotment Date	26 August 2024
Credit Date	28 August 2024
Listing Date	30 August 2024

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Tata Consumer Rights Offer Lead Manager

KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27 G Block Bandra Kurla
Complex Bandra (East), Mumbai 400 051 Maharashtra
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com

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Tata Consumer Rights Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

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Tata Consumer Issue Contact Details

TATA CONSUMER PRODUCTS LIMITED
11/13 Botawala Building, 1st Floor, Office No 2-6,
Horniman Circle Fort Mumbai 400 001 India
Phone: +91-22-6121-8400
E-mail: [email protected]
Website: www.tataconsumer.com

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Tata Consumer Products Rights Issue FAQs