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    you are here: HomeNewsBusinessMoneycontrol Research

    Tata Consumer Products: Business recast leads to simplification of structure

    TCPL is trading at a P/E multiple of 41x FY24 earnings. Investors with a long-term view can accumulate at current levels

    Nandish Shah
    March 30, 2022 / 09:29 AM IST
    Tata Consumer Products: Business recast leads to simplification of structure

    Tata Consumer Products

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    Tata Consumer Products (TCPL; CMP: Rs 743; Market capitalisation: Rs 68,495 crore) has announced the reorganisation of its India and overseas businesses to simplify, align and synergise operations. TCPL is combining the business of its wholly owned subsidiary, Tata Coffee Ltd (TCL), with itself through a composite scheme of de-merger and merger, and purchase of minority interest in Tata Consumer Products, UK, through a preferential issue of equity shares. (image) Source: Co Presentation Composite scheme of arrangement The board has approved the...

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