Tata Tea has decided to keep Tata Tetley as a joint venture company in India and will not merge it with its international business.
Tata Tetley became a subsidiary of Tata Tea following the acquisition of Tetley in 2000.
The company was incorporated in 1992 and after the formation of the joint venture between Tata Tea and The Tetley Group, UK, the business of Tetley division was transferred to the venture in 1994.
P T Siganporia, director of Tata Tetley, said the merger proposal was not explored given the costs involved.
