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Tata Chem's consumer biz to be merged with Tata Global Beverages

Press Trust of India  |  New Delhi 

Ltd Wednesday said it will demerge its consumer product business and merge it with Ltd.

Consumer product business of comprises of edible common salt, spices and

Each shareholder of Ltd will get 1.14 new equity shares of Ltd for every one equity share they held in the company.

"The proposed transaction will create a focused consumer products company with a combined turnover and EBITDA of Rs 9,099 crore and Rs 1,154 crore respectively," the company said in a regulatory filing.

EBITDA is Earnings Before Interest, Tax, Depreciation and Amortisation.

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

First Published: Wed, May 15 2019. 16:46 IST