New Delhi, 24/11: Tata Consumer will acquire Ramesh Chauhan’s Bisleri International for an estimated Rs 6,000 – Rs 7,000 crore, according to a report by The Economic Times.
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. He added that his daughter Jayanti isn’t too keen on the business and he doesn’t have a successor to take Bisleri to the next level of expansion.
The owner of India’s largest packaged water company believes that the Tata Group “will nurture and take care of it even better”. “I like the Tata culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers,” he told the publication.
Comments are closed.