Tata Global Beverages is currently trading at Rs. 149.60, up by 1.95 points or 1.32% from its previous closing of Rs. 147.65 on the BSE.
The scrip opened at Rs. 150.45 and has touched a high and low of Rs. 150.45 and Rs. 148.75 respectively. So far 33,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.70 on 15-Nov-2012 and a 52 week low of Rs. 113.35 on 16-Jul-2012.
Last one week high and low of the scrip stood at Rs. 150.85 and Rs. 142.85 respectively. The current market cap of the company is Rs. 9,251.00 crore.
The promoters holding in the company stood at 35.20% while Institutions and Non-Institutions held 36.36% and 27.48% respectively. Tata Global Beverages has entered into an agreement with Tata Realty and Infrastructure for the development of the company’s property in Bangalore through a special purpose vehicle (SPV). The consideration for the transfer of the company’s property is Rs 195 crores which will be discharged by a mix of cash, equity / other securities in the SPV and constructed space in the developed property. The necessary transaction documents have been executed by the parties in this regard.
Tata Global Beverages, formerly known as 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.
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