Monday, March 20, 2023

Bisleri: Tata quits buyout talks with Bisleri – Usky News

New Delhi: Conversation with Ramesh Chauhan To acquire packaged water business Bisleri International The FMCG arm of the Tata group has been “defunct”. Bye Consumer Products Limited (TCPL) said this on Friday.
Putting an end to speculations about a possible acquisition, TCPL said in a regulatory update that it has not entered into any agreement to acquire Bisleri.
“In this regard, the company wishes to update that it has now closed negotiations Bisleri in connection with a potential transaction and to confirm that the company has not entered into any definitive agreement or binding commitment on the matter,” TCPL said. evaluates various strategic opportunities for growth and expansion, and in pursuance of the same, the company’s management has been in discussions with various stakeholders including Bisleri International.
Last year, veteran industrialist Ramesh Chauhan said he was looking for a buyer for his packaged water business Bisleri International and was in talks with several players, including TCPL. There were media reports that the deal was estimated to be around Rs 6,000-7,000 crore.


- Advertisement -

More News

Latest NEWS

- Advertisement -