Tata Consumer Products' (TCPL's) share price surged 3.2 per cent after the company announced the acquisition of PepsiCo’s stake in NourishCo Beverages.
NourishCo, which owns popular beverage brands like Himalayan (mineral water), Tata Gluco Plus, etc, is a 50:50 joint venture between TCPL and PepsiCo. While the move is in line with TCPL’s focus on expanding its consumer business and would add to its growth levers and extend synergy benefits, analysts say it comes at a time when TCPL itself is expected to grow at a healthy pace, indicating strong upside potential for its ...
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