Tata group to merge consumer unit with Tata Global Beverages
16th May 2019

Tata group has decided to transfer of its branded food business from Tata Chemicals (TCL) to Tata Global Beverages in an all shares deal that will create an over Rs 9,000 crore giant. The company will buy the business of selling edible salt, spices, and lentils and give shares in return to TCL. The company will rename itself after the deal as Tata Consumer Products.

The Boards of Directors of the company and Tata Chemicals, at their respective meetings on May 15, approved the de-merger of the consumer products business of Tata Chemicals into the company. Each shareholder of TCL will get 1.14 new equity shares of the company for every one equity share held.

Tata Global Beverages is a global beverage business with a brand presence in over 40 countries. The company has significant interests in tea, coffee and water and is the world’s second largest tea company.