Tatas buy 81 pc of Amalgam Foods for Rs 18 cr

New Delhi, Dec 28: The Tatas-owned Indian Hotels Company Ltd today said it has acquired an 80.62 per cent stake in Amalgam Foods&Beverages, part of the Rs 250 crore sea-food exporter Amalgam Group, for Rs 18 crore.

The investment was made through Residency Foods&Beverages Ltd (RFBL), an associate company of Indian Hotels engaged in the food and beverages business.

''The investment has been made through one of the company's associate entities. The company does make investments from time to time in its associate companies and otherwise in the course of carrying out its business,'' an official statement said.

It added that RFBL is an unlisted company in which the Indian Hotels holds 25 per cent equity.

UNI