Tata Consumer Halts Acquisition Talks with Bisleri International

No Definitive Agreement or Binding Commitment Reached Between Companies

Tata Consumer Halts Acquisition Talks with Bisleri International

Tata Consumer Products Ltd announced on Friday that it has ceased negotiations with Bisleri International Pvt Ltd, India's largest packaged water company, concerning a potential transaction. According to a stock exchange filing, no definitive agreement or binding commitment has been made on this matter.

Tata Consumer previously stated that it continuously evaluates various strategic opportunities for growth and expansion, including discussions with parties like Bisleri International. In November, the Economic Times reported that Ramesh Chauhan was divesting Bisleri International to Tata Consumer Products Ltd for an estimated Rs 6,000-7,000 crore. As part of the deal, the current management would continue for two years.

Chauhan, 82, who has been in indifferent health and without a successor for Bisleri, expressed his preference for the Tata Group due to its culture of values and integrity, despite other interested buyers. However, he still described selling Bisleri as a "painful" decision.

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