Tata Coffee merger with TCPL in 12-14 months

The merger of Tata Coffee Ltd with Tata Consumer Products Ltd (TCPL) will be completed in 12-14 months and the companies are in the early stages of filing the regulatory process, an official said.

Tata Coffee Ltd officials do not foresee any roadblocks in the process of merger.

”It would take about 12 to 14 months. So that’s what the timeline is,” Tata Coffee Ltd ED & CFO K Venkataramanan told analysts at an investors meet.

TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them.

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