Monday 28 October 2013

Tata Global Beverages gains on raising Rs 325 crore through issue of NCDs

Tata Global Beverages has raised a sum of Rs 325 crore by the issue of 3% Secured Redeemable Non Convertible Debentures (NCD) by way of private placement. The said NCDs will be listed on the wholesale debt market segment of the National Stock Exchange of India (NSE). The NCDs are redeemable after a period of three years with redemption premium.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic Beverages Company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.

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