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Tata Coffee surges on infusing $4.75 million in equity capital of TCVCL

05 May 2017 Evaluate

Tata Coffee is currently trading at Rs. 128.35, up by 2.30 points or 1.82% from its previous closing of Rs. 126.05 on the BSE.

The scrip opened at Rs. 126.15 and has touched a high and low of Rs. 129.00 and Rs. 125.35 respectively. So far 58474 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 150.05 on 20-Oct-2016 and a 52 week low of Rs. 85.40 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 129.85 and Rs. 124.20 respectively. The current market cap of the company is Rs. 2343.97 crore.

The promoters holding in the company stood at 57.48%, while institutions and non-institutions held 5.90% and 36.62% respectively.

Tata Coffee has infused an amount of $4.75 million (approximately Rs30.49 crore) in the equity capital of Tata Coffee Vietnam Company (TCVCL), which is incorporated as a Single Member Limited Liability Company in Vietnam; and consequently, TCVCL became a Wholly-owned Subsidiary of the Company. The move is followed by the company’s decision to set up a state-of-the-art Greenfield Freeze Dried Instant Coffee facility in Vietnam of 5000 MT capacity per annum through a Subsidiary Company with an Estimated Project Cost of $50 million (approximately Rs 350 crore).

Tata Coffee (TCL) incorporated in 1943; is the largest coffee plantation company in Asia. The company is also engaged in production of Pepper and Cardamom in its Coffee Estates.

Tata Coffee Share Price

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