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New Delhi: Tata Consumer Products (TCPL) is reportedly eyeing a strategic stake in Cafe Coffee Day’s retail outlets as it offers synergy with its branded tea and coffee businesses including Tata Starbucks.
Acording to a report in the Economic Times, the Tata Group is looking at CCD’s entire portfolio including plantations, outlets and the vending business for synergies, with the only hitch being the legal complexities arising from the former CCD promoter’s debt entanglements and deals following his untimely demise.
“There are various possibilities in the portfolio, but how much of it actually works for Tata Consumer, given the legal complexities, has to be evaluated,” the publication quoted an official aware of the plan as saying.
However, the company declined to comment. “The company evaluates various opportunities on an ongoing basis,” Tata Consumer said…
