CURRENT AFFAIRS

Detailed explanation-1: -tata bisleri deal: Tata Consumer Products to acquire packaged water giant Bisleri for about ₹7,000 crore - The Economic Times.

Detailed explanation-2: -Now, he would be divesting Bisleri International to Tata Consumer Products Limited (TCPL) for around Rs 6,000-7,000 crore. As part of the overall deal, it is expected that the current management would continue for two years following the closing of the transaction.

Detailed explanation-3: -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-4: -After exiting the bottled water business through Bisleri’s acquisition by Tata, Chauhan intends to refocus and invest in environmental and charitable causes such as water harvesting, plastic recycling and helping the poor get medical treatment.

Detailed explanation-5: -In a regulatory filing the Tata Group firm also said that it is in discussion with Bisleri International, for growth and expansion of the business of the company. Led by Ramesh Chauchan, Bisleri has been a market leader in the packaged water segment since many years.