4% spread on offer; analysts bullish on long-term prospect of merged entity
After a breakout, stocks like Tata Coffee, CCL Products, Jay Shree Tea & Industries and McLeod Russel India may easily see up to 20 per cent gains
With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.
Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders