Tata Consumer Products said it has ceased negotiations with Bisleri with regard to a potential transaction and to confirm. The Tata group company said it has not entered into any definitive agreement or binding commitment on this matter.
Read More:-8th Pay Commission Date 2023, Salary Hike & Pay Matrix. Check Latest Updates
Tata Consumer Products on Friday, March 17, 2023, informed stock exchanges that it has ceased talks with Bisleri with regard to a potential transaction. Tata Consumer Products has not entered into any definitive agreement or binding commitment on this matter, the Tata group company said in a regulatory filing.
Read More:-PhonePe Raises $200 mn In Additional Funding From Walmart
“The above announcement is issued voluntarily to prevent any speculation concerning the matter,” Tata Consumer added.
Tata Consumer share price settled two percent higher at Rs 708 apiece on BSE ahead of the news.
Read More:-Salary Hiked For Govt Employees of This State by 20%. New Order to Be Effective From April 1
A potential deal with Bisleri would have enabled the Tata group to expand its portfolio of bottled water brands in India.
