Tata Global Beverages (TGBL) has entered into a Share Sale and Purchase agreement with Sunshine Holdings PLC, Estate Management Services (EMSPL) on December 28, 2017 for the divestment of its holdings of 1,20,78,406 shares in EMPSL, constituting 31.85% of the issued capital of EMSPL for a consideration of about Rs 120 crore. Consequently, EMSPL has ceased to become an associate of the company effective December 28, 2017.
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 | 1113.70 |
| CCL Products (India) | 1088.60 |
| Mcleod Russel | 52.84 |
| Goodricke Group | 168.55 |
| Jay Shree Tea | 88.82 |
| View more.. | |
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