On Monday, three TCPL shares of every ten shares of Tata coffee will be merged in 12-14 months, as per the company statement. Also, “It would take about 12 to 14 months. So that’s the timeline,” Tata Coffee Ltd ED & CFO K Venkataramanan said in the report.
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All businesses of Tata Coffee will be merged with TCPL, or its part of subsidiaries will be part of the reorganization with a strategic plan of unlocking synergies and efficiencies. In this given scheme, all the shareholders of Tata Coffee will receive an aggregate of three equity shares for every ten equity shares be held by them.
As per Venkataramanan, “Tata Coffee has got a healthy order book, and customers are asking for continuing the shipments.”
“Coffee being something ubiquitous and widely drunk beverage, that impact is not going to be felt, that’s our view,” the company said.
