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Tata Group consolidates its FMCG presence with Tata Consumer Products

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Scheme of arrangement between Tata Global Beverages and Tata Chemicals becomes effective from 07 February 2020

Tata Global Beverages (TBGL) and Tata Chemicals (TCL)announced that the Scheme of Arrangement between TGBL and TCL regarding the Consumer Products Business of TCL is now operational, effective from 7 February 2020. Following this, TGBL has been renamed Tata Consumer Products.

The formation of Tata Consumer Products (TCPL, Company) marks a new strategic direction, an accelerated expansion into India's Fast-Moving Consumer Goods (FMCG) market, while maintaining a leading and strategic presence in the International beverages market.

As announced in December 2019, Sunil D'Souza, will take over as MD and CEO of Tata Consumer Products with effect from 4 April 2020, after Ajoy Misra's retirement.

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

First Published: Tue, February 11 2020. 13:51 IST