According to those acquainted with the situation, value is the main obstacle preventing Tata Group from acquiring a controlling stake in Bisleri International Ltd, one of India’s top producers of bottled water.
The Indian corporation had been in advanced talks to acquire ownership of Bisleri, and the parties were reportedly trying to finalize the terms of a deal. According to the persons, Bisleri’s owners were hoping to generate $1 billion through a transaction. The companies couldn’t agree on a valuation, which caused a halt in the negotiations, according to the persons who wanted to remain anonymous because the information is confidential.
According to the sources, talks between Tata and Bisleri may yet continue, and more suitors may come forward. Tata and Bisleri representatives declined to comment.
It claimed on its website to hold a 60% market share in India for bottled mineral water. Ramesh Chauhan, the chairman of Bisleri, stated in a local television appearance in November that the company was in discussions to sell a stake in Tata.
By acquiring Bisleri, Tata Group may have been able to increase the number of mineral water businesses available in India. Tata Water Plus brands and the Himalayan Natural Mineral Water are owned by Tata Consumer Products Ltd., among the listed divisions of the corporation.
