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Tata Consumer Products to recast its India and overseas businesses

The company also proposed to purchase of a 10.15 per cent minority interest in its UK subsidiary, TCP UK, from Tata Enterprise (Overseas), Switzerland, (TEO).

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Also, TCPL board approved the demerger of the plantation business of Tata Coffee (TCL) into TCPL Beverages & Foods (TBFL), a wholly owned subsidiary of TCPL.

Sharleen D'Souza Mumbai
In a bid to simplify, align, and synergise its business, Tata Consumer Products (TCPL) Tuesday announced reorganisation of its India and overseas businesses.  The company also proposed to purchase of a 10.15 per cent minority interest in its UK subsidiary, TCP UK, from Tata Enterprise (Overseas), Switzerland, (TEO).

Also, TCPL board approved the demerger of the plantation business of Tata Coffee (TCL) into TCPL Beverages & Foods (TBFL), a wholly owned subsidiary of TCPL. It also approved the merger of the remaining business of TCL, consisting of its extraction and branded coffee business with TCPL.

The demerger will be the first step

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First Published: Mar 30 2022 | 1:22 AM IST

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