Tata Consumer Products Limited (TCPL) has announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. This plan includes the demerger of plantation business of Tata Coffee Limited into TCPL Beverages & Foods Limited (TBFL), a wholly owned subsidiary of TCPL and the merger of the remaining business of TCL, consisting of its extraction and branded coffee business with TCPL, with the demerger to happen as the first step and merger to happen as the immediate second step, both being proposed through a composite scheme of arrangement.

Additionally, TCPL proposes to purchase the minority interest in its UK subsidiary, Tata Consumer Products UK Limited by way of a share swap, through a preferential issue of its equity shares.

The Boards of Directors have approved the combination of plantation business of TCL with TBFL and non-plantation business with TCPL through a composite scheme of arrangement for demerger and merger. This will enable the consolidation and 100 per cent ownership of the branded, extractions and plantations business of TCL into TCPL and its wholly owned subsidiary.