Tata Consumer Products to buy out PepsiCo from JV NourishCo

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Tata Consumer Products Limited, formerly known as Tata Global Beverages, has agreed to acquire PepsiCo’s stake in NourishCo Beverages Limited, a 50:50 joint venture operated between the two firms. The move represents Tata Consumer’s focus on widening its portfolio in the food and beverages space. NourishCo was formed in 2010 through a joint-venture agreement between Tata Global Beverages…

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