Tata Chem's consumer business to be merged with Tata Global Beverages

Consumer product business of Tata Chemicals comprises manufacturing of edible common salt, spices and protein food

Tata group Wednesday announced the transfer of its branded food business from Tata Chemicals Ltd to Tata Global Beverages Ltd in an all shares deal that will create an over Rs 9,000 crore giant.

Tata Global Beverages Ltd (TGBL) will buy the business of selling edible salt, spices, and lentils and give shares in return to Tata Chemicals Ltd (TCL).

TGBL will rename itself after the deal as Tata Consumer Products Ltd.

The Boards of Directors of TGBL and TCL, at their respective meetings Wednesday, approved the de-merger of the consumer products business of TCL into TGBL, the company said in a statement.

Each