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As of on the National Stock Exchange of India ∙ Minimum 15 minute delay
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Dhunseri Tea & Industries Completes Deal With Tata Global Beverages For Branded Business Sale
BRIEF-Dhunseri Tea & Industries To Sell Branded Business To Tata Global Beverages
India's Tata Global Beverages June-Qtr Consol Group Net Profit Rises
Tata Global Beverages Limited is a beverage company engaged in the trading, production and distribution of tea, coffee and water. The Company's principal activities include processing and blending of tea, including manufacture of instant tea. The Company's segments include Tea, which is engaged in the cultivation, manufacture, blending and sale of tea in packet, bulk or value added forms; Coffee and Other Produce, which is engaged in the cultivation of coffee and related plantation crops, and sale of coffee in various value added forms, and Others, which includes sale of water products and other businesses. Its Tata Tea brands include Tata Tea Premium, Tata Tea Gold, Tata Tea Life, Tata Tea Agni, Tata Tea Chakra Gold, Tata Tea Kannan Devan and Tata Tea Gemini. It has branded beverage business operations mainly in India, Europe, the United States, Canada and Australia, plantation business in India/Sri Lanka and extraction business mainly in India, the United States and China.
11/13, Botawala Building,1st Floor
Office#2 -6,Horniman Circle
Chairman of the Board
Ajoy Kumar Misra
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer
Regional President, India
President - Water Vertical
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* DHUNSERI TEA & INDUSTRIES SAYS SIGNED BINDING DEAL WITH TATA GLOBAL BEVERAGES TO SELL ITS BRANDED BUSINESS; HAD EARLIER SIGNED NON-BINDING TERM SHEET Source text for Eikon: Further company coverage:
* DEC QUARTER GROUP CONSOL NET PROFIT 1.68 BILLION RUPEES VERSUS PROFIT OF 1.28 BILLION RUPEES LAST YEAR
* SAYS CO DIVESTED ABOUT 31.85 PERCENT OF ISSUED CAPITAL IN JV ESTATE MANAGEMENT SERVICES
* Sept quarter group consol net profit 1.44 billion rupees versus profit of 1.27 billion rupees last year
Source text - Tata Global Beverages, the world's second largest tea company, is evaluating the out of home beverage space with the pilot launch of its first tea café Tata Cha. The first Tata Cha tea cafe is located at 12th Main Indiranagar, the heart of Bangalore. The Company...
* Says proposes to sell up to 10.5 million shares of Tata Chemicals to Tata Sons
* Board has accepted an offer from Tata Sons Limited for sale of 43.2 million equity shares of Tata Global Beverages Limited
The World Bank group has defended the treatment of tea pickers at an Indian project it funds with the multinational Tata Global Beverages, dismissing criticism that thousands of workers were living in poor conditions.
* June quarter group consol net profit 1.24 billion rupees versus profit of 1.04 billion rupees last year
* Seeks members' nod to issue NCDs worth 4.50 billion rupees Source text: (http://bit.ly/2uwb9xu) Further company coverage:
* Clarifies on news item, "Tata Global Beverages to divest stake in group's firms to parent".
* Says Harish Bhat to step down as chairman Source text - (http://bit.ly/2uhfSTf) Further company coverage:
* March quarter group consol net profit 511.2 million rupees
* Tata Coffee Limited clarifies on news item "tata group exploring merger of Tata Global Beverages Limited and Tata Coffee Limited"
* Tata Global Beverages clarifies on news item "Tata Group exploring merger of Tata Global Beverages Limited and Tata Coffee Limited"
* Says announces multi year expansion of Eight o'clock coffee and Tetley tea brands in K-cup pods
* TATA GLOBAL BEVERAGES LTD - DEC QTR GROUP NET PROFIT 1.46 BLN RUPEES, UP 24 PCT Y/Y
* Says deliberated and accorded in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company Limited
Cyrus Mistry has told Tata Global Beverages <TAGL.NS> that his removal as chairman of the company was wrong but has not made a formal legal complaint, two sources familiar with the matter said on Wednesday.
The office of Cyrus Mistry issued a legal notice to Tata Global Beverages Ltd challenging his removal as chairman of the company, TV news channel ET Now reported on Wednesday citing unidentified sources.
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