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TATA | Tata consumer to buy Bisleri International for Rs 6,000-7,000 crore, Report dgtl says

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TATA | Tata consumer to buy Bisleri International for Rs 6,000-7,000 crore, Report dgtl says

‘Tata Consumer Products Limited’ is to acquire ‘Bislery International’ for around Rs 7,000 crore. According to sources, Ramesh Chauhan, president of “Bisleri International”, is no longer able to take the company forward due to the lack of a successor, hence the decision. Previously, Ramesh had sold companies like ‘Thumbs Up’, ‘Gold Spot’ and ‘Limka’ to Coco Cola.

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It is estimated that Bisleri, India’s largest packaged water company, will have a turnover of around Rs 2,500 crore by 2023. It is estimated in the business community that there will be a profit of around 220 crore rupees.

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In an interview with the media, Ramesh said: “The decision to sell the Bisleri company is very difficult, but the Tata group will take better care of the company.”

The deal isn’t just about the money. “I don’t know what I will do with this money, but I had to make this decision,” Chauhan said. Not just for the money, I was looking for a company that would take care of my business the way I did I ran this business with a lot of passions, my employees also worked with so much passion and enthusiasm for so long time.”

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After selling the Bisleri company, Ramesh will join and invest in environmental protection and philanthropy. He expressed his desire to work for water conservation, plastic recycling, treatment of the poor.

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