Why is Tata Coffee suspended?
The equity shares of Tata Coffee Limited (TCL) shall not be available for trading w. January 15, 2024, pursuant to the merger of their business with Tata Consumer Products Limited(TCPL). Tata Coffee Limited shareholders will receive, 1 share of Tata Consumer Products for every 22 Tata Coffee shares held (1:22 ratio) for demerger of TCPL Beverages and Foods. Tata Consumer Products for every 55 Tata Coffee shares held (14:55 ratio) for the merger of Tata Coffee with Tata Consumer Products.Tata Starbucks Private Limited, formerly known as Tata Starbucks Limited, is a 50:50 joint venture coffee company, owned by Tata Consumer Products and Starbucks Corporation, that owns and operates Starbucks outlets in India.
What is the new name of Tata Coffee share?
As part of the scheme of arrangement, the plantation business of Tata Coffee Limited will be demerged into a separate entity known as TCPL Beverages and Foods Limited (TBFL), while the remaining business of Tata Coffee Limited(TCL) will be merged into Tata Consumer Products Limited(TCPL). Tata Coffee. India’s Largest Coffee, Tea Manufacturer & Top Exporter.
Is Tata buy Starbucks?
Tata Starbucks Private Limited, formerly known as Tata Starbucks Limited, is a 50:50 joint venture coffee company, owned by Tata Consumer Products and Starbucks Corporation, that owns and operates Starbucks outlets in India. India. Tata Sons is the principal investment holding company and promoter of Tata companies. Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture.Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.