Tatas' serve a decorated platter, but will it feed investors' appetite?
Updated : May 17, 2019 04:12 PM IST
Tata Group on Wednesday announced that Tata Global Beverages (TGBL) will purchase the consumer business of Tata Chemicals (TCL) to form a new entity that will focus only on consumption business with revenue of Rs 9,099 crore.
TGBL will be renamed to Tata Consumer Products after the demerger where its market capitalization will be Rs 18,000 crore, as per the current market price of TGBL.
Tata Chemicals Consumer will include all of TCL's Consumer products i.e. salt, spices, pulses, protein foods, snacks, natural sweeteners and detergents.
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