Tata Consumer Products Ltd has sold its MAP Coffee Business to Australia’s Buccheri Group Pty Ltd for A$ 1.25 million (equivalent ₹6.74 crore) . Buccheri Group Pty Ltd, an entity established in 2006, based in Melbourne, Australia, is engaged in the business of coffee manufacturing. The transaction is a slump sale of assets by one of Tata Consumer’s overseas step-down subsidiary Earth Rules Pty Ltd. The payments will be received in tranches by February 28.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.