On Tuesday, 18 February 2020, Tata Global Beverages sold 7.05 lakh equity shares of Tata Chemicals (TCL) to Tata Sons (Promoter) as a market transaction.
As per the company's press release, the coffee-producing giant has sold 7.05 lakh equity shares held in Tata Chemicals (TCL) constituting 0.28% stake of the issued and paid-up share capital of TCL, to Tata Sons (Promoter).
As of 31 December 2019, Tata Sons held 6.09 crore equity shares or 23.92% stake and Tata Global Beverages held 7.05 lakh equity shares or 0.28% stake in the company.
The disclosure was announced after market hours yesterday, 18 February 2020.
On Tuesday, 18 February 2020, Tata Global Beverages rose 0.26% to end at Rs 382.05 on BSE.
Tata Global Beverages is a beverage company engaged in the trading, production and distribution of tea, coffee and water. The company's principal activities include processing and blending of tea, including manufacture of instant tea.
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As of 31 December 2019, Tata Sons held 18.60 crore equity shares or 29.48% stake in the company.
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