Business Standard

Tata Consumer nixes talks with Chauhans on Rs 7K-crore Bisleri deal

The companies could not agree on valuation, say sources

Bisleri
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Bisleri was originally an Italian company set up by Felice Bisleri. It entered Mumbai in 1965 with its packaged drinking water brand

Sharleen D’Souza Mumbai
Tata Consumer Products (TCPL) said on Friday that it had ceased negotiations with Bisleri International over a potential acquisition.

The firm said in a stock exchange notification that it “has not entered into any definitive agreement or binding commitment on this matter.”

Last November, Ramesh Chauhan, the chairman of Bisleri International, had told Business Standard that he was in discussion with TCPL to sell a majority stake in the company for Rs 6,000-7,000 crore, adding that he expected the deal to be completed in 7-8 months.

According to a source in the know, the two parties failed to agree on

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First Published: Mar 17 2023 | 4:39 PM IST

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