Not in negotiations with Haldiram’s to buy majority stake: Tata Consumer Products
PTI, Sep 6, 2023, 7:19 PM IST
Tata Consumer Products Ltd (TCPL) on Wednesday said it is not in negotiations with Haldiram’s to acquire a 51 percent stake in the company.
According to reports, the Tata Group’s FMCG arm is in talks with Haldiram’s to buy a majority stake, but not comfortable with a high enterprise value.
Haldiram’s is a leading snacks maker and restaurant operator.
”The company is not in negotiations as reported” to acquire Haldiram’s, TCPL said in a regulatory filing.
The filing was in response to a clarification sought by the NSE and the BSE regarding the reports.
”Tata Consumer Products does not comment on market speculation,” a company spokesperson said earlier in the day.
When contacted, Haldiram management declined to comment on the matter.
TCPL owns brands such as Tata Salt, Tata Tea, Tetley, Tata Coffee, Tata Soulfull, and Eight O’clock in the tea, coffee, and beverages segment and Himalayan, Gluco+ in the liquid beverages.
The company is also expanding in the food and beverage sector.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official
Air India Express increases flight operations from northeast destinations
Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru
MUST WATCH
Latest Additions
RG Kar protests: SC orders SIT probe into custodial torture case, weekly reports before HC
Dr. D. Veerendra Heggade sets record for ‘Largest Single-Man Collection of Antiques’
Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
Burglars decamp with cash Rs 1 crore, 300 gold sovereigns from house in Kerala
No ‘formula’ under discussion for CM’s post: Ajit Pawar
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.