Tata Tea in major beverage unit consolidation
Tata Tea, part of Tata group, is reportedly planning to consolidate its vast beverage business under a single entity to enhance operational performance and reduce costs. Tea, water and soft drink units would likely be housed by Tata International, resulting in a clear holding, operating and reporting structure. The group is also looking at merging Mt Everest Mineral Water and Himalayan brands with Tata Tea. Financial experts believe that a single consolidated entity could also be used to raise money for future expansion needs and to reduce the groups debt.