Organic India: Tata Consumer Products to raise Rs 3,500 cr in debt to fund two acquisitions

The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding Rs 3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.