TCPL To Sell MAP Coffee To Buccheri Group
Multinational consumer goods company Tata Consumer Products Ltd (TCPL), has decided that its Australia based step-down subsidiary is selling MAP Coffee Business to Buccheri Group. The deal is to be sealed at 1.25 million Australian dollars (Rs 6.74 crore).Â
Earth Rules Pty Ltd, Australia, a step-down subsidiary of the company, has entered into an asset sale and purchase agreement on December 5, 2020, for the sale of MAP Coffee Business to Buccheri Group Pty Ltd, said TCPL in its regulatory filing.