Tata Consumer Products Rights Issue 2024: Key Details and How to Apply

The Tata Consumer Products Rights Issue 2024 is generating significant buzz in the financial markets. With a substantial issue size and attractive pricing, it offers a unique opportunity for investors. In this comprehensive guide, we’ll explore everything you need to know about the Tata Consumer Products Rights Issue 2024, including its dates, offer details, application process, and more.

Ref. Doc – Offer Latter

Tata Consumer Products Rights Issue 2024

Tata Consumer Products Rights Issue 2024 Overview

The Tata Consumer Products Rights Issue 2024 provides an opportunity for existing shareholders to acquire additional shares. This article will walk you through the essential aspects of the rights issue, helping you make informed decisions.

What is a Rights Issue?

A rights issue allows existing shareholders to purchase additional shares in a company at a discounted price. It is an effective way for companies to raise capital while giving current investors the chance to increase their stake.

Key Details of Tata Consumer Products Rights Issue 2024

  • Issue Opening Date: August 5, 2024
  • Issue Closing Date: August 19, 2024
  • Record Date: July 27, 2024
  • Price per Share: ₹818
  • Total Issue Size: ₹2,997.76 Crores
  • Entitlement Ratio: 1:26 (1 rights share for every 26 shares held)

Tata Consumer Products Rights Issue 2024 Dates & Timetable

Here is a detailed timetable for the Tata Consumer Products Rights Issue 2024:

EventDate
Rights Issue OpenAugust 5, 2024
Rights Issue CloseAugust 19, 2024
Last Date to Buy SharesJuly 26, 2024
Record DateJuly 27, 2024
Deemed Date of AllotmentAugust 2024
Renunciation of RightsAugust 2024

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Tata Consumer Products Rights Issue 2024 Offer Details

The Tata Consumer Products Rights Issue 2024 will offer new shares to existing investors at a fixed price. Below are the key offer details:

  • Rights Issue Size: Approximately ₹2,997.76 Crores
  • Price Band: ₹818 Per Equity Share
  • Face Value: ₹1 Per Equity Share
  • Listing On: BSE, NSE
  • Equity Shares Offered: 36,647,492 Shares
  • Entitlement Ratio: 1:26 (1 rights share for every 26 shares held)

Detailed Offer Table

DetailsValue
Total Issue Size₹2,997.76 Crores
Price Per Share₹818
Face Value₹1
Listing OnBSE, NSE
Entitlement Ratio1:26
Equity Shares Offered36,647,492 Shares

Tata Consumer Products Rights Issue 2024 Form & How to Apply

Applying for the Tata Consumer Products Rights Issue 2024 is straightforward. You can use one of the following methods:

1. Net Banking (ASBA)

  • Step 1: Log in to your net banking account.
  • Step 2: Go to the ASBA section.
  • Step 3: Select Tata Consumer Products Rights Issue 2024.
  • Step 4: Enter the number of shares you wish to apply for and complete the application.

2. Registrar’s Website (R-WAP Facility)

  • Step 1: Visit the registrar’s website for the rights issue.
  • Step 2: Use the R-WAP facility to apply online.
  • Step 3: Enter your details and the number of shares you wish to apply for.
  • Step 4: Complete the application process and make the payment.

Tata Consumer Products Financial Report

Here’s a snapshot of Tata Consumer Products’ financial performance over the past three years:

YearRevenue (₹ Crores)Expense (₹ Crores)PAT (₹ Crores)
20228,171.256,992.93885.75
20238,697.627,391.17950.07
202410,218.238,651.03980.58

Tata Consumer Products Rights Issue 2024 Allotment Status

The allotment status for the Tata Consumer Products Rights Issue 2024 will be updated soon. To check your allotment status, follow these steps:

  1. Visit the Registrar’s Website: Go to the designated registrar’s site.
  2. Select the Rights Issue: Choose Tata Consumer Products Rights Issue.
  3. Enter Details: Provide your PAN, DP ID, or application number.
  4. Submit: Get your allotment status.

Tata Consumer Products Rights Issue Lead Managers

Information regarding the lead managers for the rights issue will be updated soon. Check back for the latest details.

Company Address

For any queries or further information, you can contact Tata Consumer Products Ltd. at:

Tata Consumer Products Ltd.
1, Bishop Lefroy Road,
Kolkata – 700 020
Phone: +91-22-6121-8400
Email: investor.relations@tataconsumer.com
Website: www.tataconsumer.com

Conclusion

The Tata Consumer Products Rights Issue 2024 presents a significant opportunity for investors to acquire shares at an attractive price. With a substantial issue size and favourable terms, it’s an exciting development for current and prospective shareholders. Ensure you stay informed about key dates and procedures to make the most of this rights issue.

FAQs

Tata Consumer Products Rights Issue 2024 FAQs
When is the Tata Consumer Products Rights Issue 2024 Record Date?
The record date for the Tata Consumer Products Rights Issue 2024 is July 27, 2024.
What is the Price of Tata Consumer Products Rights Issue 2024?
The price has been set at ₹818 per equity share.
What is the Entitlement Ratio for Tata Consumer Products Rights Issue 2024?
The entitlement ratio is 1:26. This means you get 1 rights share for every 26 shares you own as of the record date.
How Can I Apply for the Tata Consumer Products Rights Issue 2024?
You can apply online via ASBA or the R-WAP facility. Alternatively, download and submit the offline form.
What Should I Know About Tata Consumer Products?
Tata Consumer Products Limited is part of the Tata Group and is a major player in the food and beverage sector. It is the world’s second-largest branded tea company and offers a diverse range of products.
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