{"id":125891,"date":"2022-11-25T12:15:46","date_gmt":"2022-11-25T06:45:46","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=125891"},"modified":"2022-11-25T12:15:48","modified_gmt":"2022-11-25T06:45:48","slug":"tata-to-acquire-packaged-water-giant-bisleri-for-about-%e2%82%b97000-crore","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/tata-to-acquire-packaged-water-giant-bisleri-for-about-%e2%82%b97000-crore\/","title":{"rendered":"Tata to Acquire Packaged Water Giant Bisleri for About \u20b97,000 Crore"},"content":{"rendered":"\n

Tata to Acquire Packaged Water Giant Bisleri for About \u20b97,000 Crore: <\/strong>Tata Consumer is set to acquire India\u2019s largest packaged drinking water company, Bisleri, for an estimated Rs 6,000-7,000 crore. Chairman Ramesh Chauhan is aiming to disinvest Bisleri International to Tata Consumer Products three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola.\u00a0<\/p>\n\n\n\n

November 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

More About The Deal:<\/strong><\/p>\n\n\n\n

The current management will continue for two years as part of the deal. Chauhan\u2019s ill health and daughter Jayanti\u2019s lack of interest in the business is driving him to sell off the company. Selling Bisleri was a painful decision, he said, but believes that the Tata Group will take \u2018even better\u2019 care of it. <\/p>\n\n\n\n

Other parties with an interest include Reliance Retail, Nestle, and Danone. The report stated that talks between Tata and Chauhan have been going on for the past two years.<\/p>\n\n\n\n

About Tata\u2019 Consumer Group:<\/strong><\/p>\n\n\n\n

The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco in the hydration segment.<\/p>\n\n\n\n

The deal would provide the Tata group FMCG arm a larger play into the fast-growing bottled water segment.<\/p>\n\n\n\n

Significance Of The Deal:<\/strong><\/p>\n\n\n\n

According to a report from market research and advisory TechSci Research, the Indian bottled water industry was valued at more than USD 2.43 billion (about Rs 19,315 crore) in FY2021. 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.<\/p>\n\n\n\n

About The Bottled Water Market:<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Several companies including Coca-Cola India through its brand Kinley, PepsiCo\u2019s Aquafina, Bailley from Parle Agro and Indian Railway Catering and Tourism Corporation (IRCTC)\u2019s Rail Neer compete in the segment but they all trail the market leader Bisleri.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tata to Acquire Packaged Water Giant Bisleri for About \u20b97,000 Crore: Tata Consumer is set to acquire India\u2019s largest packaged drinking water company, Bisleri, for an estimated Rs 6,000-7,000 crore. Chairman Ramesh Chauhan is aiming to disinvest Bisleri International to Tata Consumer Products three decades after selling soft drink brands Thums Up, Gold Spot and […]<\/p>\n","protected":false},"author":894,"featured_media":125892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4982],"tags":[4916],"class_list":["post-125891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-november-2022","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/125891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=125891"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/125891\/revisions"}],"predecessor-version":[{"id":125893,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/125891\/revisions\/125893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/125892"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=125891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=125891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=125891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}