Tata Coffee Limited (TCL) is set to merge into Tata Consumer Products Limited (TCPL) and TCPL Beverages & Foods Limited (TBFL) from January 1, as part of a comprehensive Composite Scheme of Arrangement.
Tata Coffee will dissolve on January 1, 2024, without winding up. As a result, in compliance with the terms of the Scheme, all Director and Key Managerial Personnel positions within the firm will automatically become vacant on this important date and no further action will be necessary.
A Record Date, January 15, 2024, has been set for the purpose of identifying TCL shareholders eligible to receive equity shares of TCPL in accordance with the Demerger and the Amalgamation.
Tata Coffee’s stocks closed today, at 308.4 rupees.
Tata Coffee is one of the world’s leading integrated companies in coffee cultivation and processing, holding the position of the most prominent corporate contributor to Indian Origin Pepper production.
