Tata Global Beverages up 5% on restructuring of international operations

Shares of Tata Global Beverages (TGBL) was up 5% to Rs 235 on the BSE in intra-day trade after the company said it has restructured its international operations in order to unlock synergies for the business, optimize costs and streamline operations.

“The company has restructured its international operations by merging its businesses in Canada, America and Australia (CAA) and the UK, Europe, West Asia and Africa (EMEA) regions into a single unit called the International Business Division”, TGBL said in a regulatory filing.

The Tata Group firm has also exited non-core and sub-scale markets to focus on core