Reports reveal Bisleri has finalized a Rs 7000 crore deal with Tata Consumer Products Ltd. However, Jayanti Chauhan, took to LinkedIn to say “there are two sides to every story”. Here’s all you need to know.
All about the Bisleri sale deal
On Thursday, Ramesh Chauhan sparked talks when he revealed he is looking for a buyer for Bisleri International and is in conversation with several parties, including Tata Consumer Products Ltd (TCPL). The Tata Group in its regulatory filing stated it is in discussion with the packaged water company for expansion and growth of the company. “We are currently in discussion and cannot disclose further,” stated the group.
However, the 82-year-old industrialist denied that a Rs 7,000 crore deal with TCPL was finalized. Chauhan stated he needed someone to investigate and handle the firm’s affairs. He added that Jayanti, his daughter was ‘not interested in handling.’
More on Jayanti Chauhan
Jayanti Chauhan, the packaged drinking water pioneer’s only child was born in 1985. The 37-year-old graduated from Los Angeles’ Fashion Institute of Design and Merchandising (FIDM) with a degree in Product Development. She later pursued Fashion Styling at the Istituto Marangoni Milano. Additionally, she also studied Arabic at the University of London’s School of Oriental and African Studies (SOAS), and fashion styling and photography at the London College of Fashion.
Jayanti joined the firm at the age of 24 and played an important role in automation at Bisleri’s Delhi plant. Additionally, she also helped in restructuring the sales, marketing, and HR departments. She is currently the vice president of the company. After an Economics Times report stating the company is being sold to Tata Group, she wrote “There are two sides to every story #EconomicTimes,” on LinkedIn. Additionally, Ramesh Chauhan clarified that discussions are still in progress. “It’s not correct… We are still discussing,” he stated.
