Tata Consumer Products proposes to sell up to 705,522 equity shares of face value of Rs.10/- each of Tata Chemicals to Tata Sons.
The transaction is expected to be executed on or after 18 February 2020 at or around the prevailing price on the date of proposed sale, subject to no material market movement in price since the date of this disclosure.
The funds received from this sale will be used for investment in the strategic growth areas in Consumer Beverages and Foods businesses of the Company.
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