CURRENT AFFAIRS

Detailed explanation-1: -Ramesh J Chauhan led Bisleri International operates in the segment with bottled water brand Bisleri and spring water Vedica. Tata Consumer Products Ltd will buy Bisleri International for up to ₹7000 crore, the Economic Times newspaper reported on Thursday, citing the packaged water maker’s chairman Ramesh Chauhan.

Detailed explanation-2: -Almost three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, 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.

Detailed explanation-3: -Tata Consumer Products to acquire packaged water giant Bisleri for about ₹7,000 crore.

Detailed explanation-4: -It has almost been three decades since Ramesh Chauhan sold his stake in Thums Up, Gold Spot, and Limca to Coca-Cola. Now, he would be divesting Bisleri International to Tata Consumer Products Limited (TCPL) for around Rs 6,000-7,000 crore.

Detailed explanation-5: -Tata to Acquire Packaged Water Giant Bisleri for About ₹7,000 Crore.