Tata Tea, India's second-largest tea maker, has said it will pay US$677 million to buy 30% of US-based Energy Brands, which is in the business of selling nutrient-rich flavoured water that sells under the Glaceau brand name, reports The Economic Times. It is reported to be the largest private equity deal sealed by an Indian company.

Energy Brands, which also distributes Best Brew ready-to-drink coffees, is owned partially by its founder J. Darius Bikoff, LVMH arm LV Capital and Shansby Group. Tata Tea had earlier acquired Eight O'Clock Coffee and Tetley