Tata Global Beverages is currently trading at Rs 111.50, up by 1.65 points or 1.50% from its previous closing of Rs 109.85 on the BSE.
The scrip opened at Rs 110.35 and has touched a high and low of Rs 111.90 and Rs 110.35 respectively. So far 80986 shares were traded on the counter.
The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 128.70 on 29-Feb-2012 and a 52 week low of Rs 80.00 on 23-Nov-2011.
Last one week high and low of the scrip stood at Rs 117.90 and Rs 108.05 respectively. The current market cap of the company is Rs 6879.68 crore.
The promoters holding in the company stood at 35.24% while Institutions and Non-Institutions held 40.26% and 24.49% respectively.
Tata Global Beverages (TGB) will purchase an additional 1.417 million shares, translating to a 4.17% stake, in Mount Everest Mineral Water (MEMW) for around Rs 28 crore.
TGB’s board had approved the purchase of 14,17,632 equity shares of MEMW from Foresight Holdings and Vinod Sethi, promoters of MEMW. The proposed purchase of shares will be made on or before March 31, 2012, at a price of Rs 198 per share. At the end of December 2011, Tata Global Beverages held 13,910,653 shares or 40.92% stake in MEMW.
Tata Global Beverages is a global beverage business and the world’s second-largest tea company.
| Company Name | CMP |
|---|---|
| Tata Consumer Produc | 1059.30 |
| CCL Products (India) | 572.75 |
| Mcleod Russel | 24.05 |
| Goodricke Group | 167.60 |
| Jay Shree Tea | 96.70 |
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