Tata Consumer Products is in the race to acquire Bisleri. Will the expensive acquisition work?
On 24 November, Ramesh Chauhan, chairman of Bisleri International, told ET Now that he is finalizing a deal with the Tata group to sell the company. The same day, he told CNBC TV18 that the deal wasn’t done yet and talks were on. Subsequently, he said that he wasn’t going to divest the company entirely and may retain at least a 10% stake. The Tatas, in contrast, didn’t give much away, saying they are in talks with Chauhan and several others for an acquisition.
A deal may be some distance away, but the Tata group’s interest in India’s leading packaged …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai