The announcement was made before market hours today, 15 July 2013.
Meanwhile, the S&P BSE Sensex was down 29.11 points or 0.15% at 19,929.36.
On BSE, 15,000 shares were traded in the counter as against average daily volume of 3.93 lakh shares in the past one quarter
The stock hit a high of Rs 150.45 and a low of Rs 148.75 so far during the day. The stock had hit a record high of Rs 181.70 on 15 November 2012. The stock had hit a 52-week low of Rs 113.35 on 16 July 2012.
The stock had underperformed the market over the past one month till 12 July 2013, gaining 4.53% as compared to the Sensex's 4.82% rise. The stock had, however, outperformed the market in the past one quarter, jumping 12.11% as compared to the Sensex's 9.41% surge.
The mid-cap company has equity capital of Rs 61.84 crore. Face value per share is Re 1.
Tata Global Beverages said that the consideration for the transfer of the company's property is Rs 195 crore which will be discharged by a mix of cash, equity/other securities in the SPV and constructed space in the developed property. The necessary transaction documents have been executed by the parties in this regard, Tata Global Beverages said.
Tata Global Beverages' consolidated net profit jumped 76.6% to Rs 95.76 crore on 5% growth in net sales to Rs 1810.89 crore in Q4 March 2013 over Q4 March 2012.
Tata Global Beverages is into global beverage business. The company's brands have presence in over 40 countries. It has significant interests in tea, coffee and water and is the world's second largest tea company.
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