homeretail News

Tata Sons to consolidate FMCG business, says report

Tata Sons to consolidate FMCG business, says report

Tata Sons to consolidate FMCG business, says report
Profile image

By CNBC-TV18 May 14, 2019 8:01:46 AM IST (Published)

N Chandrasekaran, the chairman of Tata Sons, is set to bring the fast-moving consumer goods (FMCG) business under one entity, The Times of India reported.

N Chandrasekaran, the chairman of Tata Sons, is set to bring the fast-moving consumer goods (FMCG) business under one entity, The Times of India reported.

Recommended Articles

View All

The conglomerate is set to transfer the branded salt, pulses, masalas and ready-to-eat snacks portfolio from Tata Chemicals to Tata Global Beverages, the report said.
As per the report, the move is part of the Tata Group strategy to simplify the firm's corporate structure and consolidate operations.
The proposal is likely to be announced on Wednesday and Tata Global Beverages will have a new name, reflecting the changing profile of its portfolio, a source familiar with the matter told the newspaper.
The report said EY is assistinging the firm in the consolidation process.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng