India’s biggest conglomerate Tata reorganises its corporate structure
Tata Industries is set to transfer its ready-to-eat meal business to the publicly listed Tata Consumer Products.
This would be the second such transaction between two Tata entities.
Earlier, Tata Chemicals had transferred its food portfolio comprising Tata Salt and Tata Sampann pulses to Tata Consumer. Tata Consumer houses the conglomerate’s food and beverage business
It includes Tetley Tea, Eight O’Clock Coffee, Himalayan water and Starbucks, adding ready-to-eat meals to its portfolio
Tata Consumer is the fifth-most valuable company among the group’s listed entities
The first four are TCS, Titan, Tata Motors and Tata Steel
