Nearly three decades after selling soft drink brands Thums Up, Gold Spot, and Limca to Coca-Cola, Ramesh Chauhan sold Bisleri International to Tata Consumer Products Limited (TCPL) for around ₹6,000-7,000 crore. are selling. After this news, the shares of Tata Consumer Products have gained 2.68 percent i.e. Rs 20.65. Currently, it is trading at the level of Rs 790.80.
In an interaction with the media, 82-year-old Ramesh Chouhan revealed why he chose Tata, a group, to sell his company while Reliance and Nestle were the ones to buy Bisleri. Big companies like had also expressed their desire.
According to Chauhane, handing over Bisleri to someone else was a difficult decision for him. But he had to take this decision as he does not have a successor to take it forward. His daughter is not interested in this business. Bisleri is the largest packaged drinking water company in India. Explaining the reason behind handing over the brand to Tata Group, he said, “I like the culture of Tata Group which respects honesty and values of life.
That is why I chose the Tata Group to hand over my brand. Although other parties were also very interested in buying it. Praising the top executives of Tata Group, he said that they are good people, and I like them. Let us inform you that several meetings have taken place between Bisleri founder Ramesh Chauhan, Tata Sons chairman N Chandrasekaran, and Tata Consumers CEO Sunil D'Souza in the past. At the same time, Chauhan also told that he does not want to take a minority stake in the company after Bisleri becomes a part of the Tata group.
According to him, what will he do with a minority stake when he is not even running the company? According to media reports, Chouhan said that the decision to hand over Bisleri to the Tata group was not taken keeping money in mind. I was anxious thinking about whether the company would find a business group that would take care of it the way I have. I built this brand and business with a lot of hard work and passion and it is now run by equally passionate people. Explain that in the financial year of 2023, the turnover of Bisleri has been estimated to be Rs 2500 crore. The company expects a profit of around Rs 220 crore.
Cyclone Biparjoy: PM Modi will take stock of preparations to deal with the Biparjoy cyclone, review meeting at 1 pm
Prime Minister Narendra Modi will hold a review meeting on Monday at 1 pm regarding Cyclone Biparjoy. In this, preparedness to deal with the cyclone will be discussed. It has been told that the
DC vs RR: Sanju Samson broke the record of great Shane Warne, and did a big feat for Rajasthan Royals
Sanju Samson has created history for Rajasthan Royals. Sanju Samson has become the player to captain the most number of matches for Rajasthan Royals in IPL. Samson broke
Modi Surname Case: Hearing on Rahul's petition now on August 4; Supreme Court notice to Gujarat government and others
The Supreme Court on Friday heard Congress leader Rahul Gandhi's petition in the defamation case related to the Modi surname remark. Supreme Court issues notice to former Gujarat minister Purnesh Modi
IND vs AUS Test: Australia gets a shock before the Adelaide day-night test, Hazelwood is out, but these two bowlers get a chance
The Australian team has suffered a major setback ahead of the second Test to be played in Adelaide on December 6. Fast bowler Josh Hazlewood has been ruled out of this match due to injury. The second
Rahul Gandhi spoke for the first time on marriage: Told what kind of girl is needed, what qualities should she have
The question of marriage came up during Rahul Gandhi's Bharat Jodo Yatra. The answer was very interesting. Rahul was talking about his grandmother Indira Gandhi during the visit. He said- Indira
Salman Khan: Salman Khan will not step back from his commitment, and will start shooting for Bhaijaan Sikander amid tight security
'Once I commit, I don't even listen to myself' This dialogue from the film Wanted seems to apply to the personal life of Hindi cinema's powerful actor Salman Khan. Two people recently opened
Wayanad landslide: 123 people died in the Wayanad landslide, 4 villages were destroyed, and body parts of people were found in the mud
Four villages were destroyed in a massive landslide in Wayanad, Kerala on Tuesday due to heavy rains. At least 123 people have died while hundreds have been injured. A large number of people are still
Kick 2 Announced: Another blast from Salman Khan announced 'Kick 2' on the sets of 'Sikander'
Bollywood superstar Salman Khan is busy shooting for his film 'Sikander' these days. The audience is eagerly waiting for this film. Meanwhile, now big news has come out for Salman Khan's fans. Another
Mumbai Rain: It is raining heavily in some parts of Mumbai, IMD's yellow alert in these areas
Heavy rain lashed parts of Mumbai on Monday morning, but public transport services were not affected in the metropolis. The officers provided this information. Monsoon is fully active in Mumbai and it
Kangana Ranaut again taunted Karan Johar said- Your Hindi has improved now, see what happens next
The war between Kangana Ranaut and Karan Johar has intensified. After the reply from the filmmaker, now Kangana hit back again. The Queen of Bollywood taunted that your Hindi has improved because of
