SENSEX
NIFTY
GOLD
USD/INR

Weather

image 34    C

National News

The Economic Times

National / The Economic Times

details

Nestl to pocket $3.43 billion as water business gets new owner

Nestl will receive approximately three billion euros from its global water business joint venture. This new company, named Peranel, will house premium water brands and the Nestl Pure Life business. The transaction is anticipated to conclude during the first half of the year 2027. This move sharpens Nestl's focus on its higher-growth core brands and businesses. The company is streamlining operations in segments facing regulatory and operational challenges.

23 Jul 2026 11:53 am