Tata Global Beverages rallies on Starbucks JV deal

Tata Global Beverages has rallied 6% to Rs 104 on forming joint venture (JV) with the world’s biggest coffee chain operator, Starbucks, to roll out its cafes on a pan-India basis.

“The 50:50 joint venture, named TATA Ltd, will own and operate Starbucks cafés which will be branded as Starbucks Coffee “A Tata Alliance”, the company said in a filing the stock exchanges.

The retail stores will be developed in cities across the country, beginning with stores in Delhi and Mumbai in calendar 2012, it added.

A combined around 2.67 million shares have changed hands on the counter so far on both the NSE and BSE.

image
Business Standard
177 22
Business Standard

Tata Global Beverages rallies on Starbucks JV deal

SI Reporter  |  Mumbai 

Tata Global Beverages has rallied 6% to Rs 104 on forming joint venture (JV) with the world’s biggest coffee chain operator, Starbucks, to roll out its cafes on a pan-India basis.

“The 50:50 joint venture, named TATA Ltd, will own and operate Starbucks cafés which will be branded as Starbucks Coffee “A Tata Alliance”, the company said in a filing the stock exchanges.

The retail stores will be developed in cities across the country, beginning with stores in Delhi and Mumbai in calendar 2012, it added.

A combined around 2.67 million shares have changed hands on the counter so far on both the NSE and BSE.

RECOMMENDED FOR YOU

Tata Global Beverages rallies on Starbucks JV deal

Tata Global Beverages has rallied 6% to Rs 104 on forming joint venture (JV) with the world’s biggest coffee chain operator, Starbucks, to roll out its cafes on a pan-India basis.

Tata Global Beverages has rallied 6% to Rs 104 on forming joint venture (JV) with the world’s biggest coffee chain operator, Starbucks, to roll out its cafes on a pan-India basis.

“The 50:50 joint venture, named TATA Ltd, will own and operate Starbucks cafés which will be branded as Starbucks Coffee “A Tata Alliance”, the company said in a filing the stock exchanges.

The retail stores will be developed in cities across the country, beginning with stores in Delhi and Mumbai in calendar 2012, it added.

A combined around 2.67 million shares have changed hands on the counter so far on both the NSE and BSE.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
H P C L 930.90 9.81
Finolex Cables 334.05 9.43
B P C L 1010.85 9.12
Prestige Estates 184.75 8.84
Lycos Internet 18.95 7.67
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 337.00 10.20
H P C L 931.65 9.65
B P C L 1012.00 9.19
Prestige Estates 184.20 8.29
Reliance Power 52.25 7.40
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 724.80 -12.45
Vaibhav Global 267.80 -6.15
Fortis Health. 164.05 -5.56
R C F 43.05 -5.49
Essel Propack 184.25 -4.41
> More on BSE Gainers
Company Price() Chg(%)
R C F 43.05 -5.38
Fortis Health. 164.00 -5.28
VRL Logistics 276.80 -4.83
Vaibhav Global 267.70 -4.77
Ruchi Soya Inds. 22.20 -4.72
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard