Tata Consumer Products logo

TGBL - Tata Consumer Products News Story

$4.76 0.0  0.0%

Last Trade - 04/08/20

Sector
Consumer Defensives
Size
Large Cap
Market Cap £4.88bn
Enterprise Value £4.88bn
Revenue £1.07bn
Position in Universe 156th / 1819

BRIEF-Tata Consumer Products To Buy Entire Stake Of PepsiCo In Nourishco

Mon 18th May, 2020 12:50pm
May 18 (Reuters) - Tata Consumer Products Ltd  TACN.NS :
    * DECIDED TO ACQUIRE ENTIRE STAKE OF PEPSICO IN NOURISHCO
    * TOTAL COST OF ACQUISITION 290 MLN RUPEES FOR SHARES AND
"GLUCO
PLUS/GLUCO +" BRAND
    * TRANSACTION PROPOSED TO BE COMPLETED ON OR BEFORE JUNE 30,
2020
    * DEAL WILL TERMINATE JV WITH PEPSICO INDIA, AND TRANSFER
RIGHTS
OVER "GLUCO PLUS / GLUCO+" BRAND FROM PEPSICO

Source text for Eikon:  ID:nBSE86Npzx 
Further company coverage:  TACN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.