Tata Global Beverages to retain shares in loss-making plantations

Decision comes amid a regular review being conducted on its businesses across the globe

Although Tata Global Beverages Ltd (TGBL) has decided to put its entire global performance, including India, under continuous review to focus on returns on investment. The company will not be diluting its stake in the two plantation associates that are under financial stress.

Recently, the company took a call to exit the loss-making Russian and Chinese businesses, while putting its east European operations under close review.  However, taking a reverse stance on the issue the firm has now decided to hold on to the loss-making Indian associates and make them profitable.

During the company's 54th Annual General Meeting, its chairman, N Chandrasekaran,