Indian software group Wipro has refuted speculation that it is considering launching a takeover bid for the leading Indian bottled water company Bisleri, according to reports.

However, the company did reportedly say earlier this week that it continues to look at "inorganic growth opportunities". In addition to its software production activities, Wipro also produces soap and other baby products. The company recently acquired Unza, a leading personal care products company based in Singapore.

Late last month, the Indian newspaper Economic Times reported that Wipro, the French food and drinks group Danone, and Coca-Cola were in talks to buy Bisleri.