Tata group in talks with Bisleri to acquire a stake in company: Report
Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources.
It is in a very preliminary stage and would be premature to say a deal would fructify, a person in the know of the development said.
The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment.
The talks are understood to have been initiated by the Tata group FMCG arm TCPL.
However, when contacted both the companies denied commenting over the development.
"Tata Consumer Products does not comment on market speculation," said a Tata Consumer Products spokesperson in an e-mailed reply.
A Bisleri International spokesperson also said it "does not comment on market speculation".
According to industry observers, if the deal is finalised, it would provide the Tata group F