Tata Consumer Products Ltd on Friday said it had ceased discussions with packaged water maker Bisleri International about a potential acquisition.
Bisleri chairman Ramesh Chauhan had decided to sell the company to Tata Consumer Products for up to 70 billion rupees ($848 million), the Economic Times newspaper reported in November.
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"The company has not entered into any definitive agreement or binding commitment on this matter," Tata Consumer, which sells the popular Tata Salt and Himalayan-branded mineral water, said in a stock exchange filing after market closed.
Bisleri did not immediately respond to a Reuters' request for comment.
Tata Consumer's shares closed 1.8% up on Friday.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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