Ramesh Chauhan is divesting Bisleri International to Ltd for an estimated 6,000-7,000 crore to Tata Consumer Products Ltd (TCPL)

The current management of Bisleri will continue for two years as part of the deal.

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Chauhan said. Bisleri is India’s largest packaged water company, Tata Group “will nurture and take care of it even better,” although selling Bisleri was still a “painful” decision

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Chauhan is not holding any minority stakes after selling the business. “What will I do with it when I am not running the show?” he said

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Chauhan said the Bisleri brand’s turnover for FY23 is estimated at Rs 2,500 crore with a profit of Rs 220 crore

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Bisleri was originally an Italian brand that set up shop in India in Mumbai in 1965

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Chauhans acquired Bisleri in 1969. The company has 122 operational plants and 4,500 distributors and 5,000 trucks across India and neighboring countries

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After exiting Chauhan now intends to refocus and invest in environmental and charitable causes and help the poor get medical treatment

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Tata Consumer Product share price opened higher at Rs 787 on NSE and now trading at Rs 791, ( 2.6% up) on 24 November at 10 am IST

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