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Tata Chemicals transfers food and beverages business to Tata Global

Tata Global will be renamed Tata Consumer Products after the demerger and will see its turnover rise 25 per cent to Rs 9,099 crore with Ebitda of Rs 1,154 crore

Tata Chemicals transfers food and beverages business to Tata Global

The $104-billion Tata group on Wednesday announced that it was demerging the consumer products business of Tata Chemicals into Tata Global Beverages as part of a larger mandate to bring food and beverages under one unit. The announcement brings to an end days of speculation and comes nearly two months after Tata Sons Chairman N Chandrasekaran restructured operations under 10 verticals at the conglomerate in a bid to streamline its business. Tata Global will be renamed Tata Consumer Products after the demerger and will see its turnover rise 25 per cent to Rs 9,099 crore with earnings ...