Tata Global Beverages completes sale of Russian subsidiaries – Feedback

Tata Global Beverages Ltd has completed the sale of two of its subsidiaries in Russia—Sunty and Tea Trade—for 375 million roubles (about Rs41 crore).

Tata Global Beverages had announced sale of its business in Russia in August as part of restructuring operations in that country. “We now inform you that the process of restructuring has been completed resulting in the sale of two of the company’s overseas subsidiaries (Sunty LLC and Tea Trade LLC),” Tata Gobal Beverages said in its latest filing.

http://www.livemint.com/Companies/kdaNbeJZBIuE3sJqFTHo5J/Tata-Global-Beverages-completes-sale-of-Russian-subsidiaries.html

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