Tata Consumer Products inks pact to acquire 100% stake in Tata Smartfoodz
12th Nov 2021

Tata Consumer Products has entered into a Share Purchase Agreement (SPA) with Tata Industries (TIL) and Tata Smartfoodz (the Target Company), to purchase 100% of the equity stake held by TIL in the Target Company.

Upon acquisition, the company will add Ready-to-Eat packaged food products under the brand ‘Tata Q’ in its portfolio. The said acquisition is in line with the company’s strategic intent of entering into new adjacent categories in the food space. The said transaction was approved by the Board at its meeting held on November 11, 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.