Introduction
Tata Consumer Products Limited Company and Haldiram are in talks to join forces and compete with Mukesh Ambani’s Reliance Retail Company. However, both companies have denied these reports. Tata Consumer Products Limited is a part of the Tata Group and owns Tetley, a famous British tea company. Currently, Tata Consumer Products is working as a joint venture with Starbucks in India. The shares of Tata Consumer Products Limited Company are currently trading at Rs 856.95, down 2.50 percent.
Tata Consumer Share Price Today
Shares of Tata Consumer Products Limited closed up 4 percent in Wednesday’s trading session and were trading at Rs 883. In the last six months, the company’s stock has earned an 18.85 percent return for its investors.
Haldiram’s Potential Acquisition
Tata Consumer Company is reportedly in talks to acquire a 51 percent share capital of Haldiram Company. However, there is no agreement on the valuation of the company, as Tata Consumer Products Limited disagrees with Haldiram’s valuation of $10 billion. Haldiram Company is also in talks with Bain Capital Kokoni to sell its 10 percent share capital. The stock exchange has sought a detailed explanation on the news of Tata Consumer Products Company’s potential acquisition of Haldiram Company.
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