Tata Consumer Products Rights Issue: All You Need to Know

• Tata Consumer Products Rights Issue bid opens on August 5, 2024.
• The Rights Issue size is Rs 2,997.76 crore.
• The upcoming issue’s price is set at Rs 818 per share.
• The bid offer closes on August 19, 2024.

Tata Consumer Products Rights Issue: Synopsis

Tata Consumer Products is coming up with its rights issue. The bid opens on August  5, 2024 and closes on August 19, 2024. The last Date to buy shares is Friday, July 26, 2024. The record date of this new issue is Saturday, July 27, 2024. 

The issue size is 3,66,47,492 equity shares amounting to Rs 2997.76 crores. The issue price is Rs 818 per share, and the face value is Rs 10 per share. 

This issue will allow existing shareholders to buy Tata Consumer Products equity shares at a discounted price. Tata Consumer Products' share price is Rs 1,256 per share. 

The eligible holders are being offered 1 Rights Equity shares for every twenty six (26) fully paid-up equity shares held on a July 27, 2024, record date. Through this rights issue, the company plans to raise Rs 2,997.76 crores. The lead managers and register for this issue are yet to be announced. 

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Tata Consumer Products Rights Issue: About the Company

Tata Consumer Products, a TATA Group company, is one of India’s leading FMCG companies. The company's portfolio includes tea, coffee, water, ready-to-drink products, salt, pulses, spices, ready-to-cook and ready-to-eat products, breakfast cereals, snacks, and mini meals. 

The company's key beverage brands include Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+. The food portfolio includes brands such as Tata Salt, Tata Sampann, Tata Soulfull, Ching's Secret and Smith & Jones.

Tata Consumer Products had over 1.6 million retail outlets and customers in more than 263 million households in India. The company employs more than 4500 people worldwide.

Tata Consumer Products Rights Issue: Objectives

The main objective of this rights issue is to raise funds from the shareholders to run the business. This issue will give priority to the existing shareholders to buy the shares at a discounting price. 

Important Details for Tata Consumer Products Rights Issue

Timetable of Tata Consumer Products Rights Issue

Tata Consumer Products Limited: Financial Metrics (Amt in Rs Crores)

Tata Consumer Products Limited posted a revenue of Rs 154.51 crore and net profit of Rs 13.01 crore for the period ending on March 31 2024. The revenue figures increased by 10.75% and net profit dropped by -3.38% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Lead managers, Registrar of Rights Issue 

The details of the book-running lead managers and registrar for this issue is yet to be announced. Once the registrar details are out, you can check the allotment status by visiting their website. 

FAQs

1. What are the details of the Tata Consumer Products Rights Issue?

The issue size is 3,66,47,492 equity shares amounting to Rs 2997.76 crores. The issue price is Rs 818 per share, and the face value is Rs 10 per share. 

2. When does the Rights Issue open and close?

Tata Consumer Products is coming up with its rights issue. The bid opens on August  5, 2024 and closes on August 19, 2024. The last Date to buy shares is Friday, July 26, 2024. The record date of this new issue is Saturday, July 27, 2024.

3. How can I apply for the Tata Consumer Products Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just visit the registrar website to apply for the rights issue online. 

4. How can I check the allotment status of the Tata Consumer Products Limited Issue?

The registrar for this upcoming rights issue is not yet announced. Investors can check out the allotment by visiting the registrar's website. 

5. What is the objective of the Tata Consumer Products Rights Issue?

The main objective of this rights issue is to raise funds from the shareholders to run the business. This issue will give priority to the existing shareholders to buy the shares at a discounting price. 

6. What is the record date for the Tata Consumer Products Rights Issue?

The record date determining the shareholders eligible for the Rights Issue, is set for July 27, 2024.

7. Where will the Tata Consumer Products Limited Right Issue be listed?

The Rights Issue will be listed on the BSE, NSE.

8. What is the entitlement ratio for the Tata Consumer Products Right Issue? 

The entitlement ratio is set at 1 Rights equity Shares for every 26 fully paid up equity shares held on record date July 27, 2024. 

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