Tata Consumer Products Ltd.

Tata Consumer Products has entered into share purchase agreements (SPAs) and a share purchase and investment agreement (SPIA) with the existing promoters and shareholders of Kottaram Agro Foods (Target Company) to acquire 100% of the equity share capital of the Target Company.

The target company is engaged in the business of breakfast cereals and millet-based snacks under the trademark ‘Soulfull’. The said acquisition is subject to the fulfilment of various terms and conditions as specified in the SPAs and the SPIA. The said acquisition is in line with the company's strategic intent of entering into new adjacent categories in the food space. The acquisition is expected to be completed on or before March 31, 2021.

Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.