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Tata Coffee Shares Rally On Merger With Tata Consumer Products

Tata Coffee would be demerged into Tata Consumer Products' beverages and foods unit.
Tata Coffee would be demerged into Tata Consumer Products' beverages and foods unit.
Shares of India's Tata Coffee Ltd surged up to 12% on Wednesday after parent Tata Consumer Products Ltd said it would streamline its coffee business by merging the company with itself.
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