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Tata Group’s Talks Over $1 Billion Bisleri Stake Stall

  • Tata pauses talks to buy majority stake in bottled water firm
  • Negotiations hit a snag as both cannot agree on valuation

Tata Group’s talks for a majority stake in Bisleri International Pvt, one of India’s largest bottled water makers, have stalled over valuation, according to people familiar with the matter.

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said. Bisleri’s owners were looking to raise about $1 billion from a deal, the people said. Negotiations later hit a snag as the companies were unable to agree on a valuation, said the people, who asked not to be identified as the information is private.