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 cafés which will be branded as 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

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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 cafés which will be branded as 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

image
Business Standard
177 22

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 cafés which will be branded as 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

image
Business Standard
177 22