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.
Company Name | CMP |
---|---|
Tata Consumer Produc | 901.80 |
CCL Products (India) | 741.30 |
Mcleod Russel | 45.18 |
Goodricke Group | 266.00 |
Jay Shree Tea | 127.20 |
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