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Tatas to shift ready-to-eat biz to Tata Consumer

The closely held Tata Industries is set to transfer its ready-to-eat meal business (sold under Tata Q brand) to the pub-licly listed Tata Consumer Products, according to people familiar with the matter. The move co-mes as India's biggest conglo-merate reorganises its corpo-rate structure.

This would be the second such transaction between two Tata entities in branded foods, underpinning group chairman N Chandrasekaran's resolve to simplify the $103-billion conglomerate with a sharper focus on businesses that have a play in similar categories. Earlier, Tata Chemicals transfer-red its food portfolio consisting of Tata Salt and Tata Sampann pulses to Tata Consumer. Tata Industries and Tata Consumer didn't immediately reply to emailed queries.

Tata Consumer houses the conglo-merate's food and beverage bu-siness that includes Tetley Tea, Eight O'Clock Coffee, Hi-malayan water and Starbucks and will now add ready-to-eat meals to its portfolio. Tata Con-sumer is the fifth-most valuab-le company among the group's listed entities after TCS, Titan, Tata Motors and Tata Steel.
 

25 Oct, 2021
TIMES OF INDIA




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