Tata Coffee Merger: This Tata Group company will end in the new year, know which merger is taking place

Tata Coffee Tata Consumer Merger: Two big companies of Tata Group are going to merge in the new year. After this merger, Tata Coffee Ltd will cease to exist and TCPL Beverages and Foods will merge into Tata Consumer Products Limited. In such a situation the question arises what will happen to the shareholders? After the merger, to which shareholders of TCL the equity shares of TCPL will be issued. Let us tell you that the record date for this has been kept as January 15, 2024.

What will happen to Tata Coffee shareholders after the merger?

Let us inform that after the merger of Tata Coffee with Tata Consumer Products Limited, the existing shareholders of Tata Coffee will get 3 shares of TCPL for every 10 shares held till the record date. After this merger, the equity shares of TCPL will be allotted to the shareholders of Tata Coffee.

Merger was planned in November 2022

Let us inform that on November 12, 2022, the shareholders of Tata Consumer Products Limited, Tata Coffee and TCPL Beverages and Foods had approved the re-organization of these three companies in the voting. Under this, there was talk of merger of Tata Coffee with Tata Consumer Products and TCPL Beverages. Under the new merger plan, the plantation business of Tata Coffee will be merged into TCPL Beverages and Foods. In return, existing shareholders of Tata Coffee will be given 1 equity share for every 22 Tata Coffee shares held.

Apart from this, the remaining business of Tata Coffee will be merged into TCPL. In return, the existing shareholders of Tata Coffee will be given 14 shares of TCPL for every 55 shares held. Post the merger, existing shareholders of Tata Coffee will be given 3 shares of TCPL for every 10 shares held till the record date.