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Tata Consumer Products Ltd: Tata Consumer plans Rs 3500 crore rights issue

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Tata Consumer Products Ltd: Tata Consumer plans Rs 3500 crore rights issue

Mumbai: Tata Consumer Products Ltd (TCPL) is set to announce a ₹3,500 crore rights issue after seeking board approval to fund its acquisitions of Capital Foods and Organic India pegged at ₹7,000 crore. The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength … Read more

FPI: FPI custodians finalise disclosure exemption rules

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FPI: FPI custodians finalise disclosure exemption rules

Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more