Tata Global Beverages Ltd has signed a Memorandum of Understanding (MoU) with Kerala Ayurveda Ltd to explore formation of a joint venture to develop products based on proven ayurvedic recipes and to market them globally.
"Definitive agreements are expected to be finalised over the next few months. The transaction will be subject to corporate and statutory approvals as may be required," Tata Global Beverages said in a statement.
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