Tata Consumer Products Ltd.

Tata Global Beverages is currently trading at Rs. 129.75, up by 2.80 points or 2.21% from its previous closing of Rs. 126.95 on the BSE.

The scrip opened at Rs. 127.85 and has touched a high and low of Rs. 130.20 and Rs. 127.00 respectively. So far 81953 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.70 on 15-Nov-2012 and a 52 week low of Rs. 100.00 on 15-May-2012.

Last one week high and low of the scrip stood at Rs. 134.90 and Rs. 122.20 respectively. The current market cap of the company is Rs. 8017.54 crore.

The promoters holding in the company stood at 35.20% while Institutions and Non-Institutions held 38.30% and 25.47% respectively.

Tata Global Beverages’ 50:50 joint venture (JV) with Starbucks Coffee Company - Tata Starbucks has decided to complete inauguration of 50 outlets of the world’s largest coffee chain in India, by the 2013 end. The company, which has a joint venture with the US-based Starbucks had planned to open these 50 outlets in the country by 2012, but so far it had opened only seven cafes in the country, due to problem in finding location of the real estate.

The entity has planned to invest Rs 400 crore for this project. Tata Starbucks had opened its first outlet in India in October 2012 in Mumbai, where it currently has four cafes. In the current year it had opened two outlets at the Indira Gandhi International Airport and one at Connaught Place in the National Capital.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.