As per the joint venture agreement, TTGL will retain 50 per cent economic and voting interest and the right to appoint half the directors of Tetley ACI (Bangladesh).
ACI also happens to be the distributor for other FMCG majors in India, Apart from consumer goods, ACI has diverse business interests in crop care and public health, animal health, seeds, trading, diagnostics and medical devices, with pharmaceuticals being the main revenue earner.
The move to venture into Bangladesh is in line with Tetley
