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14 Jan 2024, 09:58 PM

Suspension of trading in Tata Coffee Limited

The equity shares of Tata Coffee Limited (TCL) shall not be available for trading w.e.f January 15, 2024, pursuant to the merger of their business with Tata Consumer Products Limited(TCPL).

As part of the scheme of arrangement, the plantation business of Tata Coffee Limited will be demerged into a separate entity known as TCPL Beverages and Foods Limited (TBFL), while the remaining business of Tata Coffee Limited(TCL) will be merged into Tata Consumer Products Limited(TCPL).

As per the scheme of arrangement(circular), shareholders of Tata Coffee Limited will get:

  • 1 share of Tata Consumer Products(TCPL) for every 22 shares held for demerger of TCPL Beverages and Foods Limited.
  • 14 shares of Tata Consumer Products(TCPL) for every 55 shares held for the merger of Tata Coffee Limited with Tata Consumer Products Limited.

If you have any queries then please post them on our TradingQ&A forum here.