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Tata Global Beverages to transfer FMCG business to Tata Chemicals

Wednesday, 15 May 2019
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Tata Global Beverages (TGBL) is expected to house consumer products such as branded edible salt, pulses and spices owned by Tata Chemicals.

The boards of Tata Global Beverages (TGBL) and Tata Chemicals are slated to meet to consider the proposal to merge its consumer products businesses under a single entity. This is part of the strategy initiated to reduce overlap between group companies and consolidate businesses sharing similar synergies and adjacencies within the conglomerate.

The impending reorganisation will also result in rechristening of Tata Global Beverages to a more suitable name to reflect the induction of the new names.

Tata Global Beverages’ growth plans require the company to operate with greater efficiency, reduce cost base and fully tap potential synergies across its businesses that operating on a global scale can bring. The transition process is expected to be completed by the end of 2019.

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