India Cements Planning Placement Of Equity

Image
Baiju Kalesh BSCAL
Last Updated : Oct 29 1999 | 12:00 AM IST

A delegation of Tetley executives is expected to meet top Tata executives today to arrive at a final decision on Tata Tea's bid to take over the Tetley brand.

Two top Tetley executives, Ken Pringle and Peter Unsworth, flew in by the British Airways flight late last night and will meet Tata executives today to arrive at a `binding' price for the proposed takeover.

The deal is expected to be closed in the next couple of days, industry sources told Business Standard.

Tata Tea has emerged as the sole bidder for the world famous tea brand. The Tata group had earmarked around

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 29 1999 | 12:00 AM IST

Next Story