Key Developments: Tata Global Beverages Ltd (TTAZF.PK)
2.71USD
26 Oct 2011
$0.00 (+0.00%)
$2.71
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$1.37
$1.37
40,800
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$2.71
$2.71
Latest Key Developments (Source: Significant Developments)
Tata Global Beverages Ltd And Starbucks Coffee Company's Tata Starbucks Enters Delhi At IGI Airport's T3-Business Standard
Business Standard reported that Tata Starbucks, the 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages Ltd, has finally stepped into Delhi, opening the first of stores at Terminal 3 of New Delhi Indira Gandhi International Airport (IGI). Suitably located in the Domestic Terminal’s Gate 27 and International Terminal’s Gate 15, the stores will open doors to the travelers on January 24, 2013, at 5 pm, and January 24, 2013, at 3:30 pm, the company said. With this launch, Starbucks forays into a new market segment and expands the number of stores it has in the country. Currently, the company has four stores in Mumbai. Full Article
Tata Global Beverages Ltd Announces Change in Chairman
Tata Global Beverages Ltd announced that Mr. Ratan N. Tata has stepped down as Chairman of Tata Global Beverages Limited effective November 20, 2012 and Mr. Cyrus P. Mistry has been appointed Chairman. However, Mr. Tata will continue as Director on the Board of Tata Global Beverages Ltd till his retirement in December, 2012. Full Article
Starbucks Corp Opens Flagship Store In Mumbai In Joint Venture With Tata Global Beverages Limited
Starbucks Corp announced that Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opened the doors to the first Starbucks store in India on October 19, 2012. This flagship store is located at the historic Elphinstone Building, Horniman Circle, Mumbai and marks the beginning of the iconic brand's India journey. In addition to the flagship store at Horniman Circle, Tata Starbucks Limited will launch two more stores in the next week at Oberoi Mall and the Taj Mahal Palace Annexe in Mumbai. The product portfolio includes Starbucks signature espresso-based beverages, as well as Starbucks VIA Ready Brew and Starbucks Reserves. The store will also offer Tata Tazo and Himalayan mineral water, and broad food offering boasts a wide selection of 42 items; Western favorites, as well as locally relevant flavors reflected in such items as the Elaichi Mawa Croissant, Murg Tikka Panini, Tandoori Paneer Roll, and the signature Star Club. Tata Global Beverages Limited and Starbucks Coffee Company announced the strategic joint venture partnership - Tata Starbucks Limited, to open Starbucks stores in India in January 2012. Full Article
Tata Global Beverages Ltd. Fixes Book Closure For Dividend And AGM
Tata Global Beverages Ltd. announced that the Register of Members & Share Transfer Books of the Company will remain closed from August 11, 2012, to August 31, 2012 (both days inclusive) for the purpose of holding the Annual General Meeting (AGM) of the Company and Payment of Dividend (If approved at the AGM). The AGM will be held on August 31, 2012. The dividend that may be declared by the Company at the AGM will be paid on September 03, 2012. Full Article
Tata Global Beverages Ltd. Announces Appointment Of CEO And Managing Director
Tata Global Beverages Ltd. announced that Mr. Harish Bhat has been appointed CEO (Chief Executive Officer) and Managing Director of the Company with effect from July 1, 2012. Mr. Bhat will take over from Mr.Percy Siganporia who retires on June 30, 2012. Full Article
Tata Global Beverages Ltd's Subsidiary Announces Financial Investment In Equity Capital Of Bjets Pte Ltd, Singapore
Tata Global Beverages Ltd. announced that an overseas subsidiary of the Company has made a financial investment in the equity capital of Bjets Pte Ltd, a Singapore based Company engaged in the business of owning and operating private aircrafts. Full Article
Tata Global Beverages Ltd. Enters Into Joint Venture With Starbucks Group
Tata Global Beverages Ltd. announced that the Company has entered into a Joint Venture with Starbucks group whereby, the newly formed Joint Venture Company Tata Starbucks Limited shall engage in the operation of Starbucks Cafes. The parties have signed the Joint Venture Agreement on January 30, 2012 which sets forth the vision of developing the business in India. Each party will hold 50% of the JV. Full Article
Tata Global Beverages Ltd. Approves Dividend
Tata Global Beverages Ltd. announced that the members at the Annual General Meeting have approved dividend of INR2 per equity share of face value of INR1 each was approved. Full Article
Tata Global Beverages Ltd. Updates On Dividend Payment Date
Tata Global Beverages Ltd. announced that the dividend that may be declared at the AGM to be held on August 30, 2011 will be paid on September 02, 2011 to those members of the Company whose names appear on the Register of Members as on August 12, 2011. In respect of shares held in electronic form, the dividend will be payable to the beneficial owners of the shares as on beginning of August 12, 2011, as per details that the Depositories would provide for this purpose. Full Article
Tata Global Beverages Ltd. And Nestle SA May Be Interested In Acquiring Arizona Beverage Co.-Reuters
Reuters reported that according to Beverage Digest, Tata Global Beverages Ltd. and Nestle SA, or have had in the past, an interest in acquiring U.S. iced tea maker Arizona Beverage Co. At least two companies have had an interest in privately held Arizona and have had talks. Sources cited enterprise valuations for Arizona ranging from $3 billion to $4.25 billion. Nestle, which makes Sweet Leaf Tea and Nestea, is said to be one of the interested parties, Beverage Digest said. It said Tata, which owns the Tetley brand, was the other. Full Article
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