Tata Consumer Products acquires 100% of Tata SmartFoods for Rs 395 cr

Acquisition marks TCPL's foray into the ready-to-eat segment

Tata Consumer Products (TCPL) said on Friday that it has signed definitive agreements to acquire 100 per cent equity shares of Tata SmartFoodz Limited (TSFL) from Tata Industries Limited, for a cash consideration of Rs 395 crore. This move is consistent with TCPL’s strategic intent to expand into value added categories.

TSFL commenced operations in 2019 and within a short time has established itself as the number two player in the ready-to-eat (RTE) market in India. Under the brand name Tata Q, it offers a range of product offerings which currently includes pasta, noodles, biryani and combo meals.

Sunil D’Souza,