Tata Consumer Products Ltd.

Tata Consumer Products (TCPL) is all set to merge all businesses of Tata Coffee with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of Tata Coffee (TCL) will be demerged into TCPL's wholly-owned arm TCPL Beverages & Foods (TBFL), the remaining business of TCL, consisting of its extraction and branded coffee business, will be merged with TCPL.

The demerger to happen as the first step and the merger to happen as the immediate second step, both being proposed through a composite scheme of arrangement. Under the scheme, shareholders of TCL (other than TCPL) will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them in TCL. This will be carried out through the issuance of 1 equity share of TCPL for every 22 equity shares of TCL in consideration for the demerger. For the merger, 14 equity shares of TCPL will be issued for every 55 equity shares of TCL. This will enable the consolidation and 100% ownership of the branded, extractions & plantations business of TCL into TCPL and its wholly-owned subsidiary.

The company also proposes to purchase the minority interest in its UK subsidiary, Tata Consumer Products UK by way of a share swap, through a preferential issue of its equity shares.

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.