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#1
5th March 2005, 01:06 AM
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tata tea---split up
I have heard news that tata tea is going to split up in coming days.
Where shall i get the confirmation of this news and details? If it is true ,then can i invest in tata tea at this level? Please comment respected traderji and other forum members. 
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#4
7th March 2005, 08:13 AM
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Re: tata tea---split up
Tata Tea has decided to exit the plantation business as it wants to focus on its core business of instant and branded tea.
The company had a few years ago acquired UK-based tea company Tetley which catapulted it into the big league. As Tata Tea has grown, the plantation business’ contribution, which was close to 80% of the company’s business 20 years ago, has now fallen to less than 15%. For a while now, companies in the Tata group have been buying out either other group companies or their assets. Indian Hotels’ move comes close on the heels of group holding company Tata Sons buying Tata Petrodyne from Tata Power for Rs 360 crore. Tata Tea has been unable to close above 563.00 over the last three days. A close above these levels will confirm the continuation of its uptrend.
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