Tata Global Beverages (TGBL) is exploring multiple options, including restructuring or sale, for its China operations.
TGBL chairman, Cyrus Mistry, acknowledged that the company has had challenges in China operations. We continue to have those challenges and the reason was from a production perspective, he said, responding to a shareholder query on the issue at the TGBLs annual general meeting.
The obligations, on account of the China business, were around Rs 5 crore per annum. For China, we are exploring different options, which could be restructuring or sale, but these are still in the exploration stage, Mistry said.
The companys annual report also mentioned various options were being …
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