Last updated on August 1, 2024
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.
Promoters of Tata Consumer Products – Tata Sons Private Limited
Table of Contents
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 |
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 |
Tata Consumer Financial Performance
| Â | 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 |
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
Tata Consumer Products Rights Issue Documents
- Tata Consumer Rights Issue Application Form
- Tata Consumer Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
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 |
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:Â [email protected]
Website:Â www.investmentbank.kotak.com
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:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
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:Â +91-22-6121-8400
E-mail:Â [email protected]
Website:Â www.tataconsumer.com
Tata Consumer Products Rights Issue FAQs
What is the Tata Consumer Rights Issue Price?
The issue price is INR 818 per share.
What is the Tata Consumer Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 26 Equity Shares held on the record date.
What is the Tata Consumer Rights Issue Record Date?
The Record date is 27 July 2024.
How to Apply for the Tata Consumer Rights Offer?
The best way to apply for the Tata Consumer Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
