Tata Consumer Products Ltd.

Tata Global Beverages (formerly Tata Tea) is in talks with private equity firms for raising funds through dilution of a minority stake.The dilution – that could be at the holding company level or in the UK subsidiary, Tetley – is likely to be 10-12 per cent and could result into raising of funds worth $ 200 m. UK-based investment bank Rothschild is advising Tata Global Beverages.

The fund infusion was aimed at powering Tata Global’s growth plans, which entails achieving revenues of $5 billion in the next five years from the present $1.5 billion. The growth will come from its existing brands and acquisitions, which could even be in the foods space.