Tata Coffee, India’s third largest exporter of instant coffee has received an approval from National Stock Exchange (NSE) to merger of Alliance Coffee with itself. Earlier on September, the company has received its board approval for the same.
NSE has granted its 'no-objection approval' to the proposed scheme and this observation letter will be valid for six months starting from November 25, 2013, within which period the company would have to file the scheme with the High Court for further clearance. Meanwhile, BSE has also granted its no-objection to the scheme on November 21, 2013.
Tata Coffee is arguably the largest integrated coffee plantation company in the world. The company has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products.
NSE has granted its 'no-objection approval' to the proposed scheme and this observation letter will be valid for six months starting from November 25, 2013, within which period the company would have to file the scheme with the High Court for further clearance. Meanwhile, BSE has also granted its no-objection to the scheme on November 21, 2013.
Tata Coffee is arguably the largest integrated coffee plantation company in the world. The company has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products.
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