Demerger and Amalgamation of Tata Coffee Ltd. into Tata Beverages & Foods Ltd. and Tata Consumer Products Ltd.
Per a circular, Tata Consumer Products Ltd. has announced the allotment of 1 equity share to Tata Coffee Ltd. shareholders for every 22 equity shares of Tata Coffee Ltd. as a procedure of demerger w.e.f 15-Jan-24. 14 equity shares of Tata Consumer Products Ltd. will also be issued for every 55 equity shares held by shareholders of Tata Coffee Ltd. as a scheme of amalgamation.
Name of Company | Symbol | Reason for Allotment |
Tata Coffee Ltd. | TATACOFFEE | Scheme of Demerger and Amalgamation |
Refer: BSE Circular