Tata Chemicals, Tata Global Beverages shares surge after merger announcement
Updated : May 16, 2019 11:50 AM IST
Tata Chemicals' shares rose 8 percent after the company said it will transfer its consumer products business to Tata Global Beverages.
Tata Chemicals will de-merge its consumer products business in an all-equity transaction.
The transfer is expected to combine key brands like Tata Salt, Tata Tea, Tata Sampann and Tetley under a single umbrella.