Tata Consumer Products in talks to buy Bisleri: Reports

Tata Consumer Products Ltd (TCPL) is all set to buy Bisleri for a sum of Rs 6,000-7,000 crore, as per a report by The Economic Times. As per the deal current management will continue for two years.
Ramesh Chauhan, 82, is selling Bisleri and has no successor who can work on expanding the brand. He has a daughter named Jayanti.
In 1993 Coca-Cola bought Maaza, Thumbs Up, Citra, Limca and Gold Spot from Ramesh when it re-entered the India market.
Bisleri International owns a premium packaged water brand Vedica and four fizzy drinks: Spyci, Limonata, Fonzo, and Bisleri Soda.
As per the report, Bisleri's turnover is estimated to be Rs 2,500 crore with profit at Rs 220 crore for FY23.

Meanwhile Tata Consumers reacting to the reports on Bisleri accqusations, has issued the clarification to the BSE stating the following points:

• (a) The Company evaluates various strategic opportunities for growth and expansion of the business of the Company, on an ongoing basis. Pursuant to this, the management of the Company remains in discussions with various parties, including Bisleri International Private Limited.
• (b) The Company will make appropriate announcements in compliance with the obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as and when any such requirement arises.
• (c) At this point in time, there is no further event/information that requires disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other prevalent applicable laws.