Tata Coffee sells Tata Global B shares

In one of the block deals,Tata Coffee sold 9,82,500 shares of Tata Global Beverages,formerly known as Tata Tea,for Rs 119.20 apiece,valuing the transaction at Rs 11.71 crore.

At the end of December quarter,Tata Coffee held 9,82,500 shares or 0.16 per cent stake in Tata Global Beverages as a promoter group entity,while Tata Sons held 141,872,072 shares 22.94 per cent stake in the company.

Shares of the company closed at Rs 120.55 apiece on the BSE,up 1.17 per cent from its previous close.