Brief: Tata Coffee infused $4.75 mln in equity capital of Tata Coffee Vietnam Company

Tata Coffee

05/05/2017 05:34

May 5 (Reuters) - Tata Coffee Ltd  TACO.NS  
    * Says infused $4.75 million in the equity capital of Tata 
Coffee Vietnam Company 
 
Source text: [Tata Coffee Limited has informed the Exchange vide 
letter dated May 05,2015 that This has reference to our earlier 
communication dated 19th December, 2016, wherein we had informed 
you that the Board of Directors of the Company has approved the 
setting up of a state-of-the-art greenfield Freeze Dried Instant 
Coffee facility in Vietnam of 5000 MT capacity per annum through 
a Subsidiary Company with an Estimated Project Cost of 50 
million USD (approximately Rs.350 Crores). In this connection, 
we would now like to inform you that the Company has infused an 
amount of USD 4.75 Million (approximately Rs.30.49 Crores) in 
the equity capital of Tata Coffee Vietnam Company Limited 
(TCVCL), which is incorporated as a Single Member Limited 
Liability Company in Vietnam; and consequently, TCVCL became a 
Wholly-owned Subsidiary of the Company"] 
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