Companies

Tata Consumers sells MAP Coffee to Buccheri Group

Our Bureau Mumbai | Updated on December 05, 2020 Published on December 05, 2020

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.

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Published on December 05, 2020
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