Today Tata Consumer Products Ltd (TCPL) Share Price was trading up almost 7% at Rs 776.09. TCPL announced plans to merge with Tata Coffee Limited and acquire a stake in its UK-based subsidiary.
The share price of Tata Coffee also rose by around 13% to Rs 216.90.
The company said that the plantation business of Tata Coffee Limited (TCL) will be merged with TCPL Beverages and Foods Limited (TBFL), a wholly-owned entity of TCPL. Whereas the rest of TCL’s business which includes extraction and branded coffee business will be merged with TCPL.
Under this merger arrangement, the shareholders of Tata Coffee Limited will get 3 shares of Tata Consumer Product (TCPL) for every 10 shares they own.
Apart from this, the board of TCPL also approved the move to buy almost 2.39 crore shares in its UK base subsidiary Tata consumer product Uk group Ltd.
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Tata Consumer Products Ltd share price – Financials
| 52 Week High | 889.00 |
| 52 Week Low | 614.00 |
| Sector PE | 74.35 |
| Face Value | 1 |
| Dividend Yield | 0.52 |
| Mkt Cap (Rs. Cr.) | 71,452 |
| Book Value Per Share | 169.34 |
| Net Profit 2021 (Rs. Cr.) | 993 |
| Debt to equity (2021) | 0.05 |
| Revenue 2021 (Rs. Cr.) | 11,602 |
| EPS (2021) | 9.30 |
| ROE (2021) | 5.90 |
| Dividend/Share (INR) (Mar 2021) | 4.05 |
| Promoters holding (Dec 2021) | 34.72% |
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Tata Coffee share price – Financials
| 52 Week High | 254.40 |
| 52 Week Low | 114.00 |
| Sector PE | 74.35 |
| Face Value | 1 |
| Dividend Yield | 0.69 |
| Mkt Cap (Rs. Cr.) | 4,053 |
| Book Value Per Share | 97.45 |
| Net Profit 2021 (Rs. Cr.) | 211 |
| Debt to equity (2021) | 0.49 |
| Revenue 2021 (Rs. Cr.) | 2,254 |
| EPS (2021) | 7.16 |
| ROE (2021) | 9.75 |
| Dividend/Share (INR) (Mar 2021) | 1.50 |
| Promoters holding (Dec 2021) | 57.48% |
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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks/forex/Virtual Digital Asset then do it at your own risk and do the research yourself before investing.
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