Tata Consumer Products merged its three subsidiaries, know what will be the benefit

Tata Consumer Products Limited has completed the merger of its three wholly owned subsidiaries after receiving NCLT and other regulatory approvals. Tata Consumer Products is an FMCG company manufacturing household items of daily use. According to a statement from the FMCG arm of Tata Group, TCPL has merged its wholly owned subsidiaries – Tata Consumer Soulful Pvt Ltd, Nourishco Beverages Ltd and Tata Smartfoods Ltd into the company.

The company gave information to the stock market

“We wish to inform you that the conditions mentioned under Section 17 of the Scheme, including filing of certified copies of the order in Form INC-28 with the Registrar of Companies concerned, have been duly complied with,” the company said in a filing to the stock exchanges. Have been completed since. Accordingly, as per the plan, the effective date of the scheme (of merger) is September 1, 2024. “This is in line with the company’s focus on simplifying and streamlining its business.

What will be the benefit?

The company said this consolidation of the legal entity structure will lead to efficiencies and synergy. TCPL’s sections include tea, coffee, water, RTD, salt, pulses, spices, ready to cook and eat products, snacks etc. The company further said that there will be no change in the operating structure for these business units. These companies will continue to focus on a portfolio of millets products, ready to drink products and ready to cook/ready to eat products.