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Tata group set for consolidation again

A fresh round of consolidation is in the offing at the Tata group. India’s largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship companies, with a view to leveraging the value of the entities and increase cost efficiency.  The earliest of the consolidation could be the merger of Tata Coffee and Mount Everest Mineral Water with Tata Tea; Rallis with Tata Chemicals; Tata Teleservices (Maharashtra) with Tata Teleservices; and Tata Sponge Iron with Tata Steel, two executives familiar with the development said.  The ...