Tata group has announced its decision to combine consumer businesses, currently being carried out by Tata Chemicals and Tata Global Beverages, under a single entity. TGBL will be renamed Tata Consumer Products Ltd after the move. The new entity is expected to have a revenue of Rs 9,099 crore. The decision seems to be driven by the strategy of Tata Sons chairman N. Chandrasekaran which aims at streamlining and making the businesses under the $103 billion group more efficient. The consumer business decision is still subject to shareholder and regulatory approval. Watch the full video for more.
