Tata-Bisleri deal is off; Tata Consumer says no potential transaction with Bisleri, talks ceased

Tata Consumer Products said on Friday that it had ceased negotiations with packaged water company about a potential acquisition. In a regulatory filing minutes after market hours on Dalal Street, Tata Consumer Products — a Tata group company — said it had not entered into any definitive agreement or binding commitment on this matter.  

"The above announcement is issued voluntarily to prevent any speculation concerning the matter," Tata Consumer Products added.

Earlier, Tata Consumer Products had said it was in discussions with Bisleri International to acquire a majority stake in the packaged water company.

A potential deal with Bisleri would have enabled the Tata group to expand its portfolio of bottled water brands in India.

Tata Consumer Products owns packaged water brands Himalayan Natural Mineral Water and Tata Water Plus. The other popular brands of Tata Consumer — a consumer products company — include Tata Salt, Tata Tea, Tata Sampann and Tetley.

Tata Consumer share price

Tata Consumer Products shares closed with a gain of Rs 14.3 — or 2.1 per cent — at Rs 708 apiece on BSE minutes ahead of the news.

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