Tata Coffee, Tata Consumer surge up to 13% on business reorganisation plan

Shares of Tata Coffee (TCL) and Tata Consumer Products (TCPL) rallied up to 13 per cent on the BSE in Wednesday’s intra-day trade after TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.

Among the individual stocks, TCL rallied 13 per cent to Rs 220.90, while TCPL gained 5 per cent at Rs 779.80 on the BSE in intra-day trade so far. In comparison, the S&P BSE Sensex was up 0.60 per cent at 58,292 at 09:33 am.

The reorganisation plan includes the demerger of plantation business of TCL