Tata Consumer Products Ltd (TCPL) on Tuesday reported the merger of all bussiness of Tata Coffee Ltd with itself as a component of a redesign plan in accordance with its essential need of opening collaborations and efficiencies.
While the Tata Coffee Ltd (TCL) will be demerged into TCPL’s entirely possessed arm TCPL Beverages and Foods Ltd (TBFL), the leftover business of TCL, comprising of its extraction and branded espresso business, will be converged with TCPL, the organization said in a statement.
The demerger to occur as the initial step and the consolidation to occur as the immediate second step, both being proposed through a composite plan of arrangement. Under the plan, investors of TCL (other than TCPL) will get a total of 3 equity shares of TCPL for each 10 equity shares held by them in TCL.
