Tata Coffee to merge with Tata Consumer, TCPL Beverages on Jan 1; stocks hit 52-week highs
Shares of Tata Coffee and Tata Consumer Products rise 4.2% and 3.5%, respectively, to hit their fresh 52-week highs.
Shares of Tata Coffee and Tata Consumer Products rise 4.2% and 3.5%, respectively, to hit their fresh 52-week highs.
With Lakshmi Vilas Bank in its fold, the foreign bank’s branch count jumps over 18 times. But the merger could also open up a potential Pandora's box.
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.