Tata Global Beverages is currently trading at Rs. 211.85, up by 2.80 points or 1.34% from its previous closing of Rs. 209.05 on the BSE.
The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 213.40 and Rs. 210.35 respectively. So far 497248 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 213.40 on 12-Sep-2017 and a 52 week low of Rs. 114.50 on 15-Nov-2016.
Last one week high and low of the scrip stood at Rs. 213.40 and Rs. 194.70 respectively. The current market cap of the company is Rs. 13383.11 crore.
The promoters holding in the company stood at 35.76%, while Institutions and Non-Institutions held 34.90% and 29.33% respectively.
Tata Sons, the promoter of major Tata group companies is planning to increase its stake in Tata Global Beverages (TGBL) by up to 6.84 per cent. Tata Sons will buy 4.31 crore shares of the company from Tata Chemicals as a part of restructuring of its investment portfolio. The acquisition price would not be more than 25 per cent of Rs 179.99 per share. At the indicated price, the transaction is estimated to be around Rs 777.10 crore.
The proposed date of acquisition is on or after September 18 and the shares are proposed to be acquired at the prevailing price on the date of acquisition. Before proposed acquisition, Tata Sons' holding in the TGBL stood at 22.63 per cent.
Tata Global Beverages is a global beverage business with a brand presence in over 40 countries. The company has significant interests in tea, coffee and water and is 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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