Jobaaj Stories
Bisleri, a leading packaged water company, and Tata Consumers were in talks over a potential acquisition. However, the two companies were unable to agree on the valuation of the deal, resulting in the negotiations ending.
According to Business Standards, the chairman of Bisleri, Ramesh Chauhan, had mentioned that he was in talks with Tata Consumers Product Ltd (TCPL) to sell a controlling share of the company for Rs 6,000-7,000 crore, with an estimated completion time frame of 7-8 months.
The market position and financial performance of Bisleri make it an attractive acquisition target. The company holds a 32% stake in the Indian packaged water business and has around 122 operational plants and 4,500 distributors.
Learn about the earlier deal, Here!
They are said to generate an impressive annual revenue of Rs 2,500 crore and a net profit of Rs 200 crore in the current financial year.
The potential acquisition would have made Tata Consumers the largest player in the fast-moving consumer space in India.
However, TCPL's CEO, Sunil D’Souza, stated that they have shifted their focus to developing a roadmap to enter the fast-moving consumer goods space.
According to Economic Times, the negotiations were called off after two years due to no progress being made in the last five months.
In conclusion, the Bisleri-Tata Consumers deal may have fallen through, but their interest in the packaged water business and fast-moving consumer goods space remains strong.
- Charu Kapoor
For more similar updates, follow Jobaaj Stories!
