Tata Consumer to acquire PepsiCo’s stake in NourishCo Beverages

Date posted: Wednesday 17 June 2020

Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged beverages market. “This move is consistent with Tata Consumer’s focus on widening its portfolio in the food and beverages space,” Tata Consumer Products Ltd said in a filing to the stock exchange.

(Live Mint)