Companies

Tata Global to sell stake in international operations

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.

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Printable version | Apr 23, 2021 9:00:11 AM | https://www.thehindu.com/business/companies/tata-global-to-sell-stake-in-international-operations/article2085358.ece

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