Tata Consumer Products UK Group Limited and Tata Consumer Products Overseas Holdings Limited agreed to acquire Tetley ACI Bangladesh Limited from Advanced Chemical Industries Limited (DSE:ACI) for BDT 106 million on November 26, 2022. Upon completion of the above transaction, the Joint Venture Agreement between ACI and TCP Overseas would stand terminated and Tetley ACI will become a wholly-owned subsidiary of TCP UK and a step-down subsidiary of the Company.
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- Tata Consumer Products UK Group Limited and Tata Consumer Products Overseas Holdings Limited agreed to acquire Tetley ACI Bangladesh Limited from Advanced Chemical Industries Limited for BDT 106 million.