tata consumer: Tatas to shift ready-to-eat biz to Tata Consumer

MUMBAI: The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the publicly listed Tata Consumer Products, according to people familiar with the matter. The move comes as India’s biggest conglomerate reorganises its corporate structure. This would be the second such transaction between two Tata entities in branded foods, underpinning group chairman N Chandrasekaran’s resolve to simplify the $103-billion conglomerate with a sharper focus on businesses that have a play in similar categories. Earlier, Tata Chemicals transferred its food portfolio consisting of Tata Salt and Tata Sampann pulses to Tata Consumer. Tata Industries and Tata Consumer didn’t immediately reply to emailed queries. Tata Consumer houses the conglomerate’s food and beverage business that includes Tetley Tea, Eight O’Clock Coffee, Himalayan water and Starbucks and will now add ready-to-eat meals to its portfolio. Tata Consumer is the fifth-most valuable company among the group’s listed entities after TCS, Titan, Tata Motors and Tata Steel.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
%d bloggers like this: