facebook-page-view
Advertisement

Tata Consumer drops acquisition talks with Bisleri

By Reuters

  • 17 Mar 2023
Tata Consumer drops acquisition talks with Bisleri
Credit: VCCircle

India's Tata Consumer Products Ltd on Friday said it had ceased discussions with packaged water maker Bisleri International about a potential acquisition.

Bisleri chairman Ramesh Chauhan had decided to sell the company to Tata Consumer Products for up to 70 billion rupees ($848 million), the Economic Times newspaper reported in November.

"The company has not entered into any definitive agreement or binding commitment on this matter," Tata Consumer, which sells the popular Tata Salt and Himalayan-branded mineral water, said in a stock exchange filing after market closed.

Advertisement

Bisleri did not immediately respond to a Reuters' request for comment.

Tata Consumer's shares closed 1.8% up on Friday.

Advertisement

Share article on

Advertisement
Advertisement