TGBL renamed Tata Consumer Products; to spearhead FMCG ambitions of $113 bn Tata Group

Two Tata group firms — Tata Global Beverages Limited and Tata Chemicals Limited on Monday announced that the scheme of arrangement between them regarding the Consumer Products Business of TCL is now “operational” effective from 7 February, 2020 New Delhi: Tata Global Beverages Ltd has been renamed as Tata Consumer Products Ltd to spearhead FMCG ambitions of the $113-billion Tata group. Two Tata group firms – Tata Global Beverages Limited and Tata Chemicals Limited on Monday announced that the scheme of arrangement between them regarding the Consumer Products Business of TCL is now “operational”, effective from 7 February, 2020. Formation of Tata Consumer Products Limited “marks a new strategic direction, an accelerated expansion into India’s FMCG market” said TGBL adding that it would “meet evolving consumer needs across the food and beverages spectrum”. Commenting on the development, Tata Sons Chairman N Chandrasekaran said: “The merger of the consumer businesses of Tata Chemicals and Tata Global Beverages Limited under Tata Consumer Products consolidates the group’s presence in the fast-growing consumer sector.” “Tata Consumer Products would be in a unique position to leverage the strong brand, wider product portfolio and distribution reach to serve the growing aspirations of consumers across the country,” he added.