17.65 (1.51%) Tata Global Beverages’ 50:50 joint venture (JV) with Starbucks Coffee Company - Tata Starbucks – has continued its expansion in India, with opening of three more outlets of the US-based coffee chain in Delhi and Mumbai. With the opening of the new outlets, the total store count has gone up to 15 in India. The three stores, two in Delhi and one in Mumbai, will have seating capacity of less than 75 persons each.
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.