Tata Chemicals deal to solve major issues faced by TGBL: Chandrasekaran

According to Chandrasekaran, TGBL is currently faced with three core problems that the merger - likely to be in place in another 12-18 months - will address

The merger of the consumer products business of Tata Chemicals with group company Tata Global Beverages Ltd (TGBL) will help the latter scale up its portfolio and increase focus on India operations, N Chandrasekaran, TGBL’s chairman said at the company’s 56th annual general meeting (AGM) in Kolkata. He also said that the merger would ensure better financial performance for the company.

Addressing the shareholders, Chandrasekaran said, “We want to gain scale in our operations and focus on the Indian market and this merger will play a key role. It will give us a broader base of consumer products and we