Tata Consumer-Bisleri Deal: Bloomberg had earlier reported citing people with knowledge of the matter that the deal talks had stalled over valuation.
Tata Consumer Products Ltd. has called off talks to buy bottled water company Bisleri (Bisleri International Pvt.).
According to the news published in Bloomberg – The Tata group company has told in an exchange filing that the company has now “ceased the talks” with Bisleri for a possible transaction and has not entered into any definitive agreement or binding commitment on the matter. Has gone.
Bloomberg had earlier reported, citing people with knowledge of the matter, that the deal talks had stalled over valuation.
The Voluntary Disclosure comes after news reports that Ramesh Chauhan was in talks with the Tata group for the sale. The Economic Times first reported about this in November. Chauhan bq prime He had also confirmed that he is in talks with a Tata group company.
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