
Over the past year, the stock has decreased by 7.48%, fluctuating between ₹882.90 and ₹1,217.00.Shares of Tata Consumer Products Ltd ended lower on Friday even as the firm inked a non-binding memorandum of understanding (MoU) with the Ministry of Food Processing Industries, Government of India. The agreement outlines a proposed investment of up to Rs 2,000 crore over five years, as part of the Investment Promotion Activity for World Food India 2025. The company clarified that the actual investment will depend on the financial evaluation of individual projects and will require relevant corporate and statutory approvals. Details on the final terms and conditions will be provided by the company once they are determined.
"This is to inform you that as part of Investment Promotion Activity for World Food India 2025, the Company has, today, signed, a non-binding MOU with the Ministry of Food Processing Industries, Government of India, for an investment of up to Rs. 2000 crores over a period of 5 years," said Tata Consumer.