TATA CONSUMER PRODUCTS LIMITED — Others, 19-12-2024: Rumour Verification - Regulation 30(11)

Tata Consumer Products Limited has clarified recent media reports claiming that Starbucks will exit India due to high costs and losses, stating that the article's information is baseless. This assertion aims to dispel any uncertainty surrounding the brand's performance in the Indian market. For investors, this clarification may alleviate concerns regarding potential impacts on Tata's partnership with Starbucks, supporting investor confidence in the company's strategic positioning. The news aligns with Tata's focus on maintaining a stable operational framework amidst market speculation.