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Synopsis
Tata Consumer Products, an Indian fast-moving consumer goods company, completed the acquisition of Organic India, a food products company, from Fabindia, an Indian retail company, for INR19bn. “We are excited about bringing Organic India into Tata Consumer Products. This transaction aligns well with Tata Consumer’s overall strategic objectives and presents exciting market opportunities in the rapidly growing Health & Wellness segment. In addition, Organic India has built very strong relationships with farmers to create a robust organic supply chain with a trusted brand and a loyal consumer base,” Sunil D’Souza, Tata Consumer Products Managing Director & CEO.
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