Tata Global Beverages raises Rs 325 cr in debenture issue

Tata Global Beverages are redeemable after 3 years with a redemption premium.

Written by Press Trust Of India | New Delhi | Published: October 25, 2013 8:21 pm

Tata Global Beverages,the partner of Starbucks in India,today said it raised Rs 325 crore in a private placement of debentures.

Tata Global Beverages Ltd issued 3 per cent secured redeemable non-convertible debentures (NCD) by way of private placement,Tata Global Beverages Ltd (TGBL) said in a filing to the BSE.

The NCDs will be listed on the wholesale debt market segment of the National Stock Exchange of India,it added.

The NCDs are redeemable after three years with a redemption premium,the company said.

Apart from the venture with Starbucks Coffee Company,TGBL has a portfolio of beverages with brands such as Tetley,Tata Tea,Eight O’Clock Coffee,Tata Water Plus and Himalayan water.

Shares of Tata Global Beverages closed at Rs 163.80 on the BSE,down 0.82 per cent.

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