Tata Chemical's consumer business to be merged with Tata Global Beverages
Each shareholder of Tata Chemicals Ltd will get 1.14 new equity shares of Tata Global Beverages Ltd for every one equity share.
Tata Chemicals Ltd Wednesday said it will demerge its consumer product business and merge it with Tata Global Beverages Ltd. Consumer product business of Tata Chemicals comprises manufacturing of edible common salt, spices and protein food. Each shareholder of Tata Chemicals Ltd will get 1.14 new equity shares of Tata Global Beverages Ltd for every one equity share they held in the company.
"The proposed transaction will create a focused consumer products company with a combined turnover and EBITDA of Rs 9,099 crore and Rs 1,154 crore respectively," the company said in a regulatory filing. EBITDA is Earnings Before Interest, Tax, Depreciation and Amortisation.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
Retirement Planning: This small finance bank offers up to 9.5% interest rate on FDs to senior citizens, check details
SBI Retirement Benefit Fund: This SBI fund has given more than 20% return since its launch, check details
Noida Traffic Police Advisory: Roads open and close in New Delhi, Noida and Greater Noida during International Trade Show and Moto GP
PM Modi to visit Varanasi on September 23; to lay foundation of cricket stadium, inaugurate Atal Awasiya Vidyalayas