Tata Global Beverages & Tata Chemicals to combine consumer businesses

Tata group on Wednesday decided to demerge consumer business of Tata ChemicalsNSE -3.01 % (TCL) and merge it with Tata Global BeveragesNSE -0.50 % (TGBL). TGBL will be renamed as Tata Consumer Products, the group announced.

Under the scheme, every shareholder of TCL will get 1.14 new equity shares of TGBL for every one equity share held in TCL. It means that shareholders having 100 shares in TCL will receive 114 shares in TGBL. Deven Choksey of K.R Choksey, Sanjay Manyal of ICICI Securities, & Anand Tandon speak to ET Now

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