-2.10 (-0.18%) Tata Consumer Products is planning to sell upto 705,522 equity shares of face value of Rs 10 each of Tata Chemicals to Tata Sons. The transaction is expected to be executed on or after February 18, 2020 at or around the prevailing price on the date of proposed sale. The funds received from this sale will be used for investment in the strategic growth areas in consumer beverages and foods businesses 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.