Tata Group’s deal with Bisleri stalled! There was talk of buying a stake

Tata-Bisleri Deal: The deal to buy Tata Group’s stake in Bisleri International Pvt (Bisleri Water Supply Company) has come to a halt. It has been said in a report that talks were going on with the Tata Group to buy Bisleri, but the deal between the two groups is still stalled.

The plan of the owner of Bisleri International Pvt Ltd was to raise $1 billion from this deal by selling the company’s stake. The matter’s knowledgeable said in the report that there has been a stumbling block regarding the deal, because the companies have not been able to agree on the valuation. Although this discussion can start again and the contenders to buy it can come forward. Representatives of Tata and Bisleri declined to comment.

Why the deal with Bisleri stalled

It has been said in the report of Bloomberg that this deal has been stalled due to lack of agreement between the two companies. The matter regarding the valuation of the companies has not been clear. In such a situation, the conversation is still stalled. Bisleri was in talks to sell stake to Tata, Bisleri chairman Ramesh Chauhan said in an interview in November.

Large share of Bisleri in India

Bisleri came in 1949. According to the website, Bisleri was bought from an Italian entrepreneur in 1969. He is keeping 60 percent of the business of Bisleri water business in India. The company also manufactures hand sanitizer. At the same time, the Tata group is in the water business with the Himalayan Natural Mineral Water and Tata Water Plus brands. If Tata Group has a deal with Bisleri, then it will be a big company in the water business.

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