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Tata Consumer Products to sell up to 7.05 lakh equity shares of Tata Chemicals to Tata Sons

Capital Market 

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 14:54 IST