17.65 (1.51%) Tata Consumer Products (TCPL) is consolidating its business by merging various companies and plans to reduce the number of legal entities to around 23 from the existing 45 after restructuring. This will help Tata Consumer Products in creating focused business verticals and unlock potential synergies between them.
Last week, TCPL had announced the merger of all businesses of Tata Coffee (TCL) with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of 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.
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.