Tata Global Beverages shines as its arm acquires 100% stake in Bronski Eleven

Tata Global Beverages is currently trading at Rs. 147.55, up by 2.90 points or 2.00% from its previous closing of Rs. 144.65 on the BSE. The scrip opened at Rs. 145.90 and has touched a high and low of Rs. 148.20 and Rs. 145.30 respectively. So far 2,82,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.20 on 03-Nov-2013 and a 52 week low of Rs. 128.05 on 27-Jun-2013. Last one week high and low of the scrip stood at Rs. 149.45 and Rs. 143.30 respectively. The current market cap of the company is Rs. 9,124.00 crore. The promoters holding in the company stood at 35.10% while Institutions and Non-Institutions held 35.72% and 27.52% respectively. Tata Global Beverages’ overseas subsidiary based in UK has acquired a 100% stake in the equity capital of Bronski Eleven, Australia, engaged in coffee business under the MAP brand, with presence in the R&G coffee and coffee in Pods (single service portions) segments in Australia. This investment is in line with the company’s strategic vision to become a leader in the ‘good for you’ beverage segment in Australia and it also helps Tata Global Beverages to expand its portfolio to include high growth contemporary single serve business. 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.