Tata Tea to expand through acquisitions

TATA is planning to become complete food and Beverage Company. The company chairman Ratan Tata said in the annual meeting that company would expand its business through acquisitions and mergers in the near future. It would strengthen its position in the global market.

Tata Tea Vice-Chairman R K Krishna Kumar said that the company is interested in the markets of the United States and Russia and it is exploring possibilities of merger and acquisitions in these countries. The company’s tea brand is already available in many countries under 45 brands. TATA tea has already turned in to a global beverage company. The total turnover from tata tea was recorded Rs 4,432 crore. The company is happy from the turnover from its coffee and tea business.

TATA chairman also addressed to the shareholders of company. He said that the company had declared a total dividend of 350% in the financial year 2007-08. He also informed the stakeholders about Tata Memorial Cancer Centre at Rajarhat. It is expected come in operation by April 2009.