The move is consistent with Tata Consumer’s focus on widening its portfolio in the food and beverages space NEW DELHI : Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged beverages market. “This move is consistent with Tata Consumer’s focus on widening its portfolio in the food and beverages space," Tata Consumer Products Ltd said in a filing to the stock exchange on Monday.
The JV was formed in 2010 as the two joined hands to develop and sell a range of healthy hydration beverages. NourishCo Beverages Limited sells hydration brands such as Himalayan mineral water, Tata Gluco