According to Ramesh Chauhan, chairman of Bisleri International, Tata Consumer Products Ltd. will purchase the company for up to 7000 crore, the Economic Times newspaper said on Thursday. Requests for comment from Reuters were not answered by Bisleri or Tata Consumer Products. Tata Consumer led all Nifty50 gainers today, climbing more than 2.5% in early trade.
The consumer division of the Tata Group is housed under Tata Consumer Products Ltd (TCPL), which also sells bottled mineral water under the Himalayan brand as well as brands like Tata Copper Plus Water and Tata Gluco in the hydration category.
The largest bottled water firm in India is called Bisleri. Although selling Bisleri was still a “difficult” choice, the Tata Group “will nurture and take care of it much better,” Chauhan said.
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