Tata Consumer Shares Rallied on the News of Corporate Reorganisation

TATA Consumer Products shares rallied today on the news of the merger and reorganisation of corporate structure.

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The share jumped nearly 5 per cent in the morning trade on March 30 after the company announced a merger plan and acquisition of stake in a UK subsidiary.

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The plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL's wholly-owned arm TCPL Beverages & Foods Ltd (TBFL).

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The remaining business of TCL, consisting of its extraction and branded coffee business, will be merged with TCPL, the company said in a statement.

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The company’s goal is to reorganize its India and overseas business to simplify the corporate structure, align and synergize its business.

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The share had touched a 52-week high of Rs 889 on September 7, 2021 and dropped to a 52-week low of Rs 614.25 on May 7, 2021.

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