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According to reports, the deal negotiations had stalled over valuation 

Tata Consumer has no plan to acquire in Bisleri

In a regulatory filing, Tata Consumers has said that it has ceased talks with packaged drinking water brand Bisleri for potential acquisition.&nbsp;&nbsp;

Talks between Tata Consumer and Bisleri have ceased. In a regulatory filing, Tata Consumer clarified that deal talks for a potential acquistion of Bisleri have ceased.&nbsp; &ldquo;In this regard, the Company wishes to update that it has now ceased negotiations with Bisleri about a potential transaction and to confirm that the company has not entered into any definitive agreement or binding commitment on this matter,&rdquo; the company informed the stock exchanges.&nbsp;
According to a Bloomberg report, the deal negotiations had stalled over valuation concerns.
Tata Consumer, which owns the &ldquo;Himalayan&rdquo; mineral water brand, said it was interested in acquiring a stake in Bisleri International as a part of its expansion in September 2022.
Tata Consumer was set to acquire India&rsquo;s largest packaged drinking water company, Bisleri, for an estimated Rs 6,000-7,000 crore. Bisleri, with a market share of 32%, is the leader in the Rs 20,000 crore packaged drinking water segment. A potential deal with Bisleri would have catapulted the Tata Group to become the packaged water giant.

Tata Consumer Products Ltd was buying Bisleri for about Rs 6,000-7,000 crore

Tata-Bisleri deal talks halt due to this reason 

Tata Consumer Products Ltd was in talks to buy Bisleri for about Rs 6,000-7,000 crore

Talks between the Tata group and India's largest bottled water maker, Bisleri, have reportedly stalled. Tata consumer products was in talks to acquire Veteran industrialist Ramesh Chauhan's Bisleri brand.&nbsp;
According to a Bloomberg report, Tata Group&rsquo;s discussions to acquire a majority stake in Bisleri have halted over valuation concerns. Bisleri&rsquo;s owners were looking to raise about $1 billion from a deal. But the companies were unable to agree on the valuation.&nbsp;
However, Bloomberg said the talks may still resume and other potential suitors may emerge.
Ramesh Chauhan, who is the chairman of Bisleri International, has no successor to take Bisleri to the next level of expansion.
For Tata Group, acquiring Bisleri could have expanded its portfolio of bottled water brands in India. One of the conglomerate&rsquo;s listed units, Tata Consumer Products Ltd. owns the Himalayan Natural Mineral Water and Tata Water Plus brands.

Once the deal is sealed, the Tata Group company will become the new owner of India’s largest packaged water company

Tata Group to take over Bisleri; here you need to know everything

Tata Group to seal the Bisleri deal? Here you need to know everything

Tata Group to seal the Bisleri deal?

Once the deal is sealed, the Tata Group company will become the new owner of India&rsquo;s largest packaged water company

With a believe that Tata Group "will nurture and take care of it even better'', 82-year-old Ramesh J Chauhan will sell his packaged water company Bisleri to Tata Consumer for about Rs 6,000-7,000 crore.&nbsp;
According to the reports by ET, Chauhan, who has been in indifferent health in recent times, told the publication that the current management will continue for two years as part of the deal.
Chauhan said the Bisleri brand's turnover for FY23 is estimated at Rs 2,500 crore with profit at Rs 220 crore. Available numbers for the year ended March 2021, which was marked by Covid, shows income from sales at Rs 1,181 .7 crore and profit of Rs 95 crore, according to business intelligence platform Tofler, compared with revenue of Rs 1,472 crore and profit of Rs 100 crore for the year ended March 2020.
The mineral drinking water market size of packaged drinking water is around Rs 20,000 crore. Bisleri is the market leader for bottled water with a market share of 32 per cent.
Bisleri was originally an Italian brand that set up shop in India in Mumbai in 1965. The Chauhans acquired it in 1969. The company has 122 operational plants (13 of them owned) and a network of 4,500 distributors and 5,000 trucks across India and neighbouring countries.

bisleri

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