Mitsubishi UFJ Financial Acquires 9.93% Stake In Tata Global Beverages
Tata Global Beverages Ltd. said on Tuesday that Mitsubishi UFJ Financial Group has acquired an indirect interest of 9.93 percent in it following the latter’s acquisition of entities that hold shares of the company.
The Tata group firm said in a regulatory filing that MUFG has acquired First State Investments (U.K.), First State Investments (Singapore), Colonial First State Asset Management (Australia), First State Investments Ltd., Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Kokusai Asset Management on Aug. 2.
“These entities directly hold shares in Tata Global Beverages Ltd.,” the filing said, adding post the transaction MUFG has an aggregated interest of 9.93 percent.
Prior to the acquisition, MUFG did not have any stake in Tata Global Beverages.