Tata Consumer will buy controlling stake in Organic India
Jaipur, December 19, 2023.
Tata Consumer Products is at the forefront in the race to buy controlling stake in Fabindia's Organic India.
Tata wants to focus on consumer health and organic products segments. Organic India fits into the company's investment thesis. Talks between the two companies are in advanced stage.
Tata Consumer can help in growing Organic India. Organic India is known for its range of herbal and green teas. This is also an important segment for Tata. Tata Tea Premium is the flagship brand of Tata Consumer.
Tata Consumer's portfolio includes tea, coffee, liquid beverages and food. Tata Consumer also owns UK tea company Tetley. Tata also has a partnership with Starbucks.
