Tatas to buy Ching's co, Organic India

Tata Consumer Products will acquire Capital Foods, best known as the maker of Ching's Secret desi-Chinese sauces and Smith & Jones ginger garlic paste, as well as Fabindia-backed Organic India, which sells organic teas and health products. The company will buy Capital Foods for an enterprise value of Rs 5,100 crore and Organic India for Rs 1,900 crore. The deals will help Tata Consumer to strengthen its food & beverage offerings. The company will initially acquire 75% of Capital Foods and will buy the remaining 25% in three years time.

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