Initially, the plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL's wholly-owned arm TCPL Beverages & Foods Ltd (TBFL), and then the remaining business of TCL which consists of extraction and branded coffee business, will be merged with...
Under the scheme, shareholders of TCL (other than TCPL) will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them in TCL.
The joint statement issued by Tata Consumer and Tata SmartFoodz informed that the transaction is expected to close in the next seven days.
Revenue from operation rose 9.05 per cent to Rs 3,033.12 crore compared to Rs 2,781.34 crore recorded in the corresponding period last year.