Tata Global Beverages gains on arm making financial investment in Bjets

01 Feb 2012 Evaluate

Tata Global Beverages is currently trading at Rs. 109.35, up by 1.60 points or 1.48% from its previous closing of Rs. 107.75 on the BSE.

The scrip opened at Rs. 108.00 and has touched a high and low of Rs. 110.50 and Rs. 108.00 respectively. So far 3,93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.30 on 04-Aug-2011 and a 52 week low of Rs. 80.00 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs. 110.50 and Rs. 94.10 respectively. The current market cap of the company is Rs. 6,762.00 crore.

The promoters holding in the company stood at 35.24% while Institutions and Non-Institutions held 40.26% and 24.49% respectively.

Tata Global Beverages’ overseas subsidiary has made a financial investment in the equity capital of Bjets Pte, a Singapore based company engaged in the business of owning and operating private aircrafts.

Recently, the company had entered into 50:50 joint venture (JV) with Starbucks group whereby, the newly formed joint venture company Tata Starbucks shall engage in the operation of Starbucks Cafes. Both the parties have signed the JV agreement on January 30, 2012 which sets forth the vision of developing the business in India.

Tata Global Beverages formerly Tata Tea is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.

Tata Consumer Produc Share Price

889.75 -16.90 (-1.86%)
20-Dec-2024 16:59 View Price Chart
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