TCPL will be acquiring bottled water giant Bisleri for a consideration which is estimated to be around Rs 7,000 crores, a report has suggested...


In what is said to be India's largest FMCG deal, Tata Consumer Products Limited (TCPL) will be acquiring bottled water giant Bisleri for a consideration which is estimated to be around Rs 7,000 crores, a report has suggested. 

We at Jobaaj reported about the Tata Group's intention to acquire a stake in Bisleri International early in September. At the time, Tata Group was planning to acquire an undisclosed stake in the company which would have been in line with its intent to grow its existing portfolio of food and beverage brands. 

Economic Times reported that Tata Group will finally buy the bottled water giant for an estimated sum of Rs 7,000 crores. 

According to the report, the existing management of the company for 2 years is part of the deal. Ramesh Chauhan, the chairperson of Bisleri, has stated that the Tata Group will take care of the company since his daughter is not interested in the business. 

The company reportedly had many suitors vying for it due to its overpowering existence above other bottled water brands like Kinley, Aquafina, Bailey, and Rail Neer. Some of the known suitors were Reliance Retail, Nestle, and Danone. 

“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.

The acquisition would be strategically crucial for TCPL and a great addition to the existing portfolio which comprises tea, coffee, liquid beverages, foods, and out-of-home. Even though the bottled water business is reportedly a low-margin business, Bisleri is the market leader in the segment with expected revenues of Rs 2,500 crores. 

The share of TCPL currently trades at around Rs 788.40 per share. 

Article by Aman Agarwal.

This news piece is brought to you in association with jobaaj.com

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