NEW DELHI: Tata Consumer Products Ltd (TCPL) efficiently merged its three wholly-owned subsidiaries, Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd, after receiving approval from the National Company Law Tribunal (NCLT) and different regulatory clearances.
“We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed.Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024,”
This merger aligns with TCPL’s technique to simplify and streamline its enterprise operations. The consolidation of the authorized entity construction is predicted to unlock efficiencies and synergies throughout the group.
The firm additionally clarified that the working construction for these enterprise items will stay unchanged, and they’re going to proceed to concentrate on their respective product portfolios, which embody millet-based merchandise, ready-to-drink merchandise, and ready-to-cook/ready-to-eat merchandise. These product classes are thought of progress areas for Tata Consumer Products.
TCPL boasts a various product portfolio that features tea, espresso, water, RTD drinks, salt, pulses, spices, ready-to-cook and ready-to-eat choices, breakfast cereals, snacks, and mini meals. The firm, which has a consolidated turnover of Rs 15,206 crore, owns a number of key beverage manufacturers similar to Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+.
“We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed.Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024,”
This merger aligns with TCPL’s technique to simplify and streamline its enterprise operations. The consolidation of the authorized entity construction is predicted to unlock efficiencies and synergies throughout the group.
The firm additionally clarified that the working construction for these enterprise items will stay unchanged, and they’re going to proceed to concentrate on their respective product portfolios, which embody millet-based merchandise, ready-to-drink merchandise, and ready-to-cook/ready-to-eat merchandise. These product classes are thought of progress areas for Tata Consumer Products.
TCPL boasts a various product portfolio that features tea, espresso, water, RTD drinks, salt, pulses, spices, ready-to-cook and ready-to-eat choices, breakfast cereals, snacks, and mini meals. The firm, which has a consolidated turnover of Rs 15,206 crore, owns a number of key beverage manufacturers similar to Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+.
