Today in New Delhi, India
Oct 17, 2018-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Tata Tea to buy US firm for $677 mln

The company is eyeing acquisitions in the United States to help it expand its international operations.

india Updated: Aug 23, 2006 20:18 IST
Reuters
Reuters
None

India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million.



The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations.

First Published: Aug 23, 2006 20:18 IST