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Ramesh Chauhan Bisleri International
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Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products Ltd called off their negotiations. Chauhan had been in negotiations with the Tata group's FMCG arm Tata Consumer Products Ltd (TCPL) for nearly four months but the deal did not go through. When asked as to whether he has any plans to sell Bisleri now, Chauhan told PTI "We have no plans." However, when asked about media report suggesting that his daughter Jayanti Chauhan is ready to lead the company, the 82-year-old pioneer of the Indian packaged water business declined to comment. Earlier in November last year, Chauhan had said he was in discussions with several players, including TCPL, to sell out his Bisleri business. On being asked about the reasons for the sale of Bisleri's business, the octogenarian business leader had said someone had to handle it and look into
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Bisleri is up for sale. Several big players are said to be in talks with the company. Tata group is one among them. But what will the Tatas gain by adding Bisleri to its water crate? Let's find out