Tata Chemicals' consumer business to merge with TGBL
Pursuant to the scheme, each shareholder of TCL will get 1.14 new equity shares of TGBL for every 1 equity share held in TCL, signifying that a shareholder holding 100 shares in TCL will receive 114 shares in TGBL.
TGBL and TCL, have approved the de-merger of the consumer products business of the latter into the former through a NCLT, Photo: Reuters