kolkata tata global beverages tgb formerly tata tea is planning to enter the food segment it is also looking at acquisition in food business to make inroads into this segment tata group chairman ratan tata disclosed this after the agm of tgb on friday tata also said that the group would raise stakes in all the major companies according to him tgb is planning to add foods and fortified health drinks to its portfolio of products that currently includes tea and noncarbonated drinks tata said so far we were engaged in the businesses of tea nontea noncarbonated beverages and mineral water now we are planning to foray into foods and fortified health drinks tata group chief made it clear that it was tightening its grip on all the major group companies our aim is to increase stakes in all the key companies there is stipulation that one can increase it by 5 through creeping acquisition route we are availing that whenever fund position permits he added it may be noted that apart from tcs and tata communications the holding of the tata group in all other major companies are well below 50 level tata groups holding in tata steel is 3133 tata motors 37 tata power 318 tata global 3538 tata chemicals 2813 ratan tata also said it would restructure tetley we are looking at restructuring tetley but we cannot comment on its listing in uk he added he indicated that it might merge tata coffee and mount everest in future we always look at merger of group businesses to optimise operational efficiency tgb which in april this year announced a tieup with pepsico will explore the possibility of setting up a jv for global distribution of its products as it eyes a revenue of 5 billion by 2015 present revenue of the company is 15 billion the target is to take it to 5 billion in the next five years he added