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.
Justice Sanjiv Khanna will be the 51st Chief Justice of the Supreme Court. CJI DY Chandrachud has
PM Modi Garba Song: PM Modi wrote the Garba song, and shared it on the occasion of Navratri
Navratri is being celebrated with great pomp across the country. Prime Minister Narendra Modi on
Amul Milk Price Hike: Amul shocks customers, increases milk price by Rs 3 per liter
The price of Amul Full Cream Milk Price has been increased by Rs 3 per liter from the country's l
One after another happiness is knocking at Abhishek Malhan's house. First, he won season 1 of Bat
The governments of six non-BJP ruled states of the country have not reduced the Value Added Tax (
The National Medical Commission (NMC) has issued cautionary instructions to check the increasing
Expressing dismay over the very low number of women recruited in the Central Armed Police Forces
Islamabad United won the title by defeating Multan Sultans in the final of the Pakistan Super Lea
Vice President Jagdeep Dhankhar paid floral tribute to former Prime Minister Chaudhary Charan Sin
A group of academicians and Muslim religious leaders on Thursday supported the draft law in the m
