Tata Tea and European Bank for Reconstruction and Development (EBRD) plans to acquire 51 per cent controlling stake in Russian packaging and distribution company Grand.
An overseas subsidiary of Tata Tea will be involved in the deal, the company said in an intimation to the Bombay Stock Exchange (BSE) today. Tata will have 33.2 percent stake in Grand, while EBRD's share will be 17.8 per cent. The balance 49 per cent will remain with promoters of the Russian company. "The objective of the investment by the Company is to strengthen its presence in the Russian beverages market," the note to BSE said. B.KARTHICK RESEARCH ANALYST WWW.KENCES1.BLOGSPOT.COM <http://www.kences1.blogspot.com/> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
