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Tata
Tea (GB) Ltd.
 | 100%
subsidiary formed in March 2000. | | Incorporated
as the special purpose vehicle for purchase of the shares of The Tetley Group
Limited. | |
Total
share capital of GBP 71 million, of which GBP 60 million subscribed to by TTL, GBP 10 million by Tata Tea Inc. & GBP 1 million by Tata Sons. |
| The
company has assumed the burden of Debt to the extent of GBP 211 million for the
balance portion of the total cost of Tetley acquisition, which insulates TTL from
any downside thereof. | | |
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