Tata Consumer Products is on the verge of acquiring Organic India, a renowned brand specializing in organic tea and Ayurvedic health products, according to insider sources shared with Moneycontrol. The official announcement of the acquisition, backed by Fabindia, is expected to be made shortly.
In a report on December 19, Moneycontrol previously disclosed that Tata Consumer had outpaced competitors like ITC, positioning itself as the front-runner for the deal. The report highlighted that Organic India, a non-core business for Fabindia, sought to unlock value, and the acquisition by Tata Consumer, with its robust distribution network, is anticipated to significantly enhance the business’s scale.