Almost three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, Mr Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated ₹6,000-7,000 crore. The current management will continue for two years as part of the deal.
Mr Chauhan, 82, has been in indifferent health in recent times and says he doesn’t have a successor to take Bisleri to the next level of expansion. His daughter Jayanti isn’t too keen on the business,.
Bisleri is said to have had several suitors at different times, including Reliance Retail, Nestle and Danone.
Categories: Personal Finance
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