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In Talks To Sell Bisleri, Including Tata: Chairman Ramesh Chauhan: Report
In discussion with several players to sell Bisleri, says Ramesh Chauhan Veteran industrialist Ramesh Chauhan on Thursday said he is scouting for a buyer for his packaged water business Bisleri International and is in talks with several players, including Tata Consumer Products Ltd. However, the 82-year-old pioneer of the Indian packaged water business denied a report that a Rs 7,000 crore deal has been finalised with Tata Consumer Products Ltd (TCPL). However, he also added that the group is in discussions with several prospective buyers. When asked about the report that he has agreed to sell his business to the Tata Group firm, Chauhan, Chairman of Bisleri International said, "It's not correct... We are still discussing." Of these brands, Thums Up has already become a billion-dollar brand and Coca-Cola expects fruit drinks brand Maaza also to be a billion-dollar brand by 2024. TCPL is already present in the bottled water segment with its brand Himalayan, selling packaged mineral water. Source - NDTV
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