Tata to acquire Bisleri for ₹7,000 crore
Tata Consumer Products Limited is set to acquire Bisreli International for up to 700 billion rupees, The Economic Times reported Thursday.Tata Consumer Products and Bisreli did not respond to Reuters requests for comment. . Tata Consumer is the top performer among Nifty50 stocks today, gaining more than 2.5% in early trading. The Tata Group will bring its consumer business under Tata Consumer Products Limited (TCPL). TCPL also sells packaged mineral water under the Himalaya brand and brands such as Tata Copper Plus Water and Tata Gluco in the beverage segment.The deal, if closed, will allow his FMCG division at Tata Group to expand access to the fast-growing bottled water segment, according to industry insiders.
The Indian bottled water market was valued at over USD 2.43 billion (around ₹19,315 crore) in FY2021, said a report from market research and advisory TechSci Research.It is expected to grow at a CAGR of 13.25 per cent on account of increasing disposable income, rising health and hygiene awareness, and increasing product innovation, the report added.”Bottled water is gaining popularity among consumers because it is thought to be more hygienic than loose normal water in the market, which is not good for health and is unsafe to drink,” the report said. Several companies compete in this segment, including Coca-Cola India through its Kinley brand, PepsiCo’s Aquafina, Parle Agro’s Bailey, and Indian Railway Catering and Tourism Corporation’s (IRCTC) Rail Neer, all of which are market leaders. ‘s Bisleri.Established following the merger of Tata Chemicals’ consumer products business and Tata Global Beverages, TCPL aims to become a preeminent player in the FMCG category by expanding exposure in existing categories and expanding into new areas I’m here.
