In December, the company had announced setting up of a new freeze dried instant coffee facility in Vietnam of 5,000 tonne capacity per annum through a subsidiary firm with an estimated project cost of USD 50 million (about Rs 350 crore).
The company today informed BSE that it has "infused an amount of USD 4.75 million (about Rs 30.49 crore) in the equity capital of 'Tata Coffee Vietnam Company Ltd' (TCVCL)."
TCVCL is incorporated as a single member limited liability company in Vietnam. As a result, it has became a wholly-owned subsidiary of the company.
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