TGBL is the promoter of Tata Coffee and has more than one crore shares equalling 57.48 per cent of total share capital of the company.
In a filing to BSE, Tata Coffee said TGBL has pledged 31,00,040 shares with SBICAP Trustee.
TGBL has also pledged over 36 lakh shares in another group firm Tata Chemicals, representing 1.43 per cent of total share capital.
In a separate filing to BSE, Tata Chemicals informed its one of the promoters TGBL has pledged 36,39,201 shares with SBICAP Trustee.
TGBL deals in the production, distribution and trading of tea, coffee and water worldwide.
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