(Bloomberg) -- Shares of Tata Tea Ltd., a unit of
India's biggest business group, rose to a 15-month high after it
agreed to sell its stake in Energy Brands Inc. to Coca-Cola Co.
for $1.2 billion.
Tata Tea made a profit of $523 million from the sale of its
30 percent stake in Energy Brands, Vice Chairman R.K. Krishna
Kumar said on May 25. The Kolkata-based company paid $677
million for its stake in Energy Brands, known as Glaceau, in
August.
Read more at Bloomberg Emerging Markets News
India's biggest business group, rose to a 15-month high after it
agreed to sell its stake in Energy Brands Inc. to Coca-Cola Co.
for $1.2 billion.
Tata Tea made a profit of $523 million from the sale of its
30 percent stake in Energy Brands, Vice Chairman R.K. Krishna
Kumar said on May 25. The Kolkata-based company paid $677
million for its stake in Energy Brands, known as Glaceau, in
August.
Read more at Bloomberg Emerging Markets News
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