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Tata Consumer acquires Bisleri for around Rs 7,000 crore: report

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Ramesh Chauhan divests bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported.



Current management will stay on for two years as part of the deal. Chauhan, 82, has been in indifferent health lately and says he has no successor to take Bisleri to the next level of expansion. Daughter Jayanti is not so enthusiastic about the company, Chauhan said. Bisleri is India’s largest packaged water company.

The Tata Group “will nurture and care for it even better,” though selling Bisleri was still a “painful” decision, Chauhan said.

“I like it tata culture of values ​​and integrity and therefore made my decision despite the aggression of other interested buyers,” the report said.

Bisleri is said to have had different suitors at different times, including Trust Retail, Nestle and Danone. Talks with Tata have been going on for two years and he made a decision after meeting Tata Sons Chairman N Chandrasekaran and Tata Consumer CEO Sunil D’Souza a few months ago. “I like them. They’re good guys,” he told ET.

Chauhan sees no point in keeping minority interests after selling the company. “What will I do with it if I’m not running the show?” he said.

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