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| Exchange Received Time 12/09/2017 17:11:50 Exchange Disseminated Time 12/09/2017 17:11:56 Time Taken 00:00:06 | This is to inform you that the Company has received and the Board has accepted an offer from Tata Sons Limited for sale of 4,31,75,140 equity shares of Rs. 1/- each of Tata Global Beverages Limited. The transaction is expected to be executed on or after September 18, 2017 at or around the prevailing price on the date of proposed sale, subject to no material market movements in price since the date of this disclosure.
The funds received from this sale will allow the company to focus its investments in strategic growth areas in Consumer Foods and Specialty products from Innovation Centre previously outlined during the Annual General Meeting and analyst / investor communication calls and meetings.
The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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