In what could be India's largest fast-moving consumer goods (FMCG) deal yet, Tata Consumer Products (TCPL) is in discussions to buy a majority stake in packaged water major Bisleri International for ₹6,000-7,000 crore.
If the deal is sealed, the ubiquitous Bisleri brand name would open up new avenues for TCPL in the beverage space. TCPL is talking to various parties, including Bisleri International, for growth and expansion opportunities, TCPL's spokesperson said.
Tata's Bisleri buyout may be biggest in India FMCG space
In what could be India's largest fast-moving consumer goods (FMCG) deal yet, Tata Consumer Products majority stake in packaged water major Bisleri International for ₹6,000 crore₹7,000 crore. If the deal is sealed, the ubiquitous Bisleri brand name would open up new avenues for Tata Consumer in the beverages space.
TCPL is talking to various parties, including Bisleri International, for growth and expansion opportunities, TCPL's spokesperson said in a statement on Thursday.
"TCPL evaluates various strategic opportunities for growth and expansion of the business of the company, on an ongoing basis. TCPL remains in discussions with various parties, including Bisleri International Private Limited," a company statement said.
This story is from the November 25, 2022 edition of Business Standard.
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This story is from the November 25, 2022 edition of Business Standard.
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