Both Sunty LLC and Tea Trade LLC have ceased to be subsidiaries of Tata Global Beverages, the Indian company said in a regulatory filing. Photo: BloombergNew Delhi: Tata Global Beverages Ltd has completed the sale of two of its subsidiaries in Russia—Sunty and Tea Trade—for 375 million roubles (about Rs41 crore). Tata Global Beverages had announced sale of its business in Russia in August as part of restructuring operations in that country. Tata Global Beverages received “375 million roubles for transfer of equity and assets of Sunty LLC and Teatrade LLC. “Both Sunty LLC and Tea Trade LLC have ceased to be subsidiaries of the company,” TGBL said.

Source: Mint November 05, 2017 12:11 UTC