NEW DELHI:Negotiation with Ramesh Chauhan to obtain packaged drinking water small business Bisleri International has “ceased”, Tata group’s FMCG arm Tata Buyer Solutions Ltd (TCPL) explained on Friday.
Resting the speculations about a possible acquisition, TCPL in a regulatory update mentioned it has not entered into any agreements over the acquisition of Bisleri.
“In this regard, the company needs to update that it has now ceased negotiations with Bisleri with regard to a prospective transaction and to confirm that the Organization has not entered into any definitive settlement or binding commit-ment on this issue,” said TCPL. Having said that, Tata team company also stated as it evaluates a variety of strategic alternatives for growth and expansion of its business on an ongoing foundation, and pursuant to this, the administration of the firm remained in discussions with many events, which include Bisleri Intercontinental.
Very last calendar year, veteran industrialist Ramesh Chauhan stated he is scouting for a customer for his packaged water organization Bisleri Global and is in talks with quite a few gamers, which includes TCPL. There ended up media reports speculating the offer to be around Rs 6,000-7,000 crore.
Resting the speculations about a possible acquisition, TCPL in a regulatory update mentioned it has not entered into any agreements over the acquisition of Bisleri.
“In this regard, the company needs to update that it has now ceased negotiations with Bisleri with regard to a prospective transaction and to confirm that the Organization has not entered into any definitive settlement or binding commit-ment on this issue,” said TCPL. Having said that, Tata team company also stated as it evaluates a variety of strategic alternatives for growth and expansion of its business on an ongoing foundation, and pursuant to this, the administration of the firm remained in discussions with many events, which include Bisleri Intercontinental.
Very last calendar year, veteran industrialist Ramesh Chauhan stated he is scouting for a customer for his packaged water organization Bisleri Global and is in talks with quite a few gamers, which includes TCPL. There ended up media reports speculating the offer to be around Rs 6,000-7,000 crore.