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Tata Consumer Products’ arm enters into asset sale and purchase agreement

05 Dec 2020 Evaluate

Earth Rules Pty, Australia (Seller), a step-down subsidiary of Tata Consumer Products, has entered into an Asset Sale and Purchase Agreement on December 5, 2020 for sale of MAP Coffee Business to Buccheri Group Pty (Buyer).

Post completion of the above transaction, the Seller will continue to be a step-down subsidiary of the Company.

Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.

Peers