(Bloomberg) -- Tata Group’s consumer business can find a place in the MSCI India Index as the $111 billion conglomerate moves to streamline its corporate structure.

That’s according to Edelweiss Financial Services Ltd., which sees MSCI Inc. including Tata Consumer Products Ltd. in its benchmark index for the nation after the group’s decision to fold all of its food businesses into one large unit, following the merger of Tata Global Beverages Ltd. and the consumer business of Tata Chemicals Ltd.

Shares in the beverage maker rose to a record high for a fourth consecutive session amid optimism around the planned merger. Tata Global has risen 21% in January compared to a 1.6% gain in the benchmark BSE Sensex Index.

The expanded equity base under current foreign investment rules can result in the fast track inclusion of Tata Consumer Products in the MSCI India index, Edelweiss analyst Yogesh Radke wrote in a note Tuesday. “Mostly the announcement of MSCI should be out” after the record date for demerger of Tata Chemical’s consumer business, the note added.

The beverage maker expects the restructuring, which will create a combined consumer firm with sales of nearly 91 billion rupees ($1.3 billion) and 11.5 billion rupees in operating profit, to close by June 2020, it said in a filing last year.

To contact the reporter on this story: Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net

To contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Naoto Hosoda, Tim Smith

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