Tata Consumer Products Ltd.

Tata Global Beverages (TGBL) has completed the sale of two of its subsidiaries in Russia - Sunty LLC and Tea Trade LLC for 375 million roubles (about Rs 41 crore). Pursuant to this, both Sunty LLC and Tea Trade LLC have ceased to be subsidiaries of the company. Earlier in August, the company had announced sale of its business in Russia as part of restructuring operations in that country.

Coffee Pack LLC, a company incorporated in Russia, is the purchaser of Sunty LLC and Skhodnya Grand LLC, a company incorporated in Russia is the buyer of Tea Trade LLC.

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.