Mount Everest is a subsidiary of Tata Global, and Tata holds a 50.07% stake in the company. The exchange ratio recommended by the valuers and approved by both boards is three shares of Tata Global for every four shares of Mount Everest.
This merger will enable increased operational efficiencies and better synergy between both businesses. With Tata’s focus on the natural beverages business, which includes water, the proposed merger will facilitate the growth of the Himalayan natural mineral water brand owned by Mount Everest.
Himalayan water will have the benefit of Tata’s resources in India as well as other global markets, which will help unlock the power of this brand.
The merger will help increase long-term value for shareholders and investors.
Source: Tata Global Beverages Limited
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