Tata Consumer to acquire Capital Foods for $620m.

Tata Consumer, a fast-moving consumer goods company, agreed to acquire Capital Foods, a food and beverages company, for $620m. "The Board of Directors approved the acquisition of 100% of the issued equity share capital of Capital Foods Private Limited. The Company, thereafter, has entered into Share Purchase Agreement and Shareholders’ Agreement with the existing promoters and shareholders of the target company to acquire the entire issued equity share capital in a phased manner," Tata Consumer.