Bisleri will be owned by Tata, the emotional chairman told – why sold to Tata only; why not someone else
The chairman of the company is Ramesh J Chauhan and he is 82 years old. He says he does not have a successor to take Bisleri to the next level. He said that daughter Jayanti is not much interested in business.
Bisleri Buyout: The Bisleri company, which has been selling soft drinks like Thums Up, Gold Spot, Limca and Coca-Cola for the last 30 years, is now going to be sold to the Tata Group. This deal between Bisleri International and Tata Consumer Products Ltd (TCPL) is expected to be between 6000 to 7000 crores. According to media reports, talks are going on between the two companies for the last two years regarding this deal.
Daughter Jayanti is not interested in business,
let us tell you that Bisleri was started in 1984 by Jayantilal Chauhan. At present, the chairman of the company is Ramesh J Chauhan and he is 82 years old. He says he does not have a successor to take Bisleri to the next level. He said that daughter Jayanti is not much interested in business. Let us tell you that Bisleri is the largest packaged water company in the country.
Tata Group will expand further in future
Bisleri's chairman further said that I hope Tata Group will expand it further in future. However, the decision to sell Bisleri bothers me. I like the culture and values ​​of Tata. That's why I decided to sell it to Tata Group. He told that apart from this, many groups were also willing to buy it.
The existing management will work for two years
According to the agreement between Tata Consumer Products and Bisleri, the existing management of Bisleri will continue to work for two years. In an interview, Chauhan said that the decision was taken after several rounds of talks with Tata Sons Chairman N Chandrasekaran and Tata Consumer CEO Sunil D'Souza. During this I felt that these people are good.
Chairman of Bisleri says, what will I do with the money received after selling the company, I have not yet thought about it. It has been prepared after working hard for a long time. That's why I was looking for such a buyer who takes care of the employees along with the company.
