Shares of Tata Global Beverage has touched 52-week high of Rs 309, gaining 1 percent in the early trade on Friday as it has sold stake in its associate company.
The company through a share sale and purchase agreement has divested 31.85 percent stake in the joint venture company Estate Management Services for a consideration of Rs 120 crore.
Consequently, EMSPL has ceased to become an associate of the company effective December 28, 2017.
This is a part of company's overall strategy to focus on branded business in key geographies.
The company through a share sale and purchase agreement has divested 31.85 percent stake in the joint venture company Estate Management Services for a consideration of Rs 120 crore.
Consequently, EMSPL has ceased to become an associate of the company effective December 28, 2017.
This is a part of company's overall strategy to focus on branded business in key geographies.
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