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Tata Global Beverages’ arm to get liquidate

04 Apr 2019 Evaluate

Tata Global Beverages’ step-down subsidiary -- Coffee Trade LLC which was incorporated as part of restructuring of operations in Russia, is being liquidated consequent to completion of the restructuring. The liquidation will not have any significant impact on the financials of the group.

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.

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