According to people familiar with the situation, valuation is the main obstacle preventing Tata Group from acquiring a major stake in Bisleri International Pvt, one of India’s biggest producers of bottled water. Bisleri International Pvt Ltd, one of India’s largest bottled water producers, has been in talks with the Tata Group, an Indian multinational conglomerate. According to sources acquainted with the situation, negotiations have stalled as a result of disagreements over the company’s valuation.
The Indian company had been in early talks to acquire control of Bisleri, and the parties were reportedly working to finalize the terms of a deal. According to the people, Bisleri’s owners were hoping to collect $1 billion through a deal. The companies couldn’t compromise on a valuation, which caused a snag in the negotiations, according to the people who requested to remain anonymous because the data is confidential. According to the sources, talks among Tata and Bisleri may still continue, and new bidders may come forward. Tata and Bisleri representatives declined to respond.
According to its website, Bisleri dates back to 1949 because once Shri Jayantilal Chauhan established the soft drink manufacturer Parle Group. In 1969, Parle Group bought Bisleri from an Italian businessman. It claimed to hold a 60% market share in India for packaged mineral water. The business also produces hand disinfectant. In a local news interview in November, Bisleri Ceo Ramesh Chauhan stated that the company was in discussions to sell a stake to Tata
In conclusion, one of India’s top bottled water companies, Bisleri, has announced that Tata Group has chosen to halt negotiations on purchasing a majority interest in the business. Despite the fact that discussions were still going on, the causes of the break have not been disclosed. The transaction would have greatly increased Tata Group’s presence in the Indian bottled water market, which is anticipated to grow rapidly over the next few years.
