Tata Global Beverages, which sells tea brands like Tata Tea and Tetley, is reportedly planning to sell about 20 per cent stake in its international operations to a strategic investor.
The company, which has partnerships with beverages groups PepsiCo and Starbucks, expects to conclude a deal in the next few months, the Financial Times reported quoting Tata Global Beverages Vice-Chairman R. K. Krishna Kumar.
The move comes after Tata Global Beverages failed to nail a deal with private equity, the report said.
