Tata Consumer to raise Rs 3,500 crore to fund acquisitions

The board of the company in a meeting on Friday approved the “raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding ₹3,500 crore,” to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.

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