Similarly, beverages and healthy ethnic snacks have been identified as another area of growth from TGBL, the world's 2nd largest branded tea company. Mails sent to Sequoia on Saturday did not generate a response till press time on Sunday.Kakkar categorically denied any discussion with Tata Global Beverages or a possible sale. There has never been any discussion with Tata Global Beverages or anybody else for that matter, regarding a strategic investment or sell-out. For any brand of similar nature, this only means that the overall business size would be as high as Rs 300 crores. "Tatas made a neat profit on Glaceau the trade but lost out strategically... TGBL been a laggard for long," said an old time Tata watcher.

Source: Economic Times February 12, 2018 01:24 UTC