Tata Consumer Products to merge Tata Coffee business with itself rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
Tata Consumer Products Ltd (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee Ltd with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
While the plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL s wholly-owned arm TCPL Beverages & Foods Ltd (TBFL), the remaining business of TCL, consisting of its extraction and branded coffee business, will be merged with TCPL, the company said in a statement, , tata coffee, Tata Consumer Products
The Board of Directors of both companies have approved the combination of the plantation business of TCL with TBFL and the non-plantation business with TCPL through a composite scheme of arrangement for demerger and merger (“Scheme”).