Varun Beverages has received an approval to enter into a binding agreement to acquire PepsiCo India’s previously franchised sub territory in the state of Jharkahand (20 districts) along with manufacturing facilities and franchisee rights for the state of Chhattisgarh, subject to the satisfactory completion of due diligence and final approval of PepsiCo.
Upon completion of this acquisition, the company will be a franchisee for PepsiCo products across 20 States and 2 Union Territories of India. The board of directors at its meeting held on December 20, 2017 approved for the same.
Varun Beverages is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA).
Company Name | CMP |
---|---|
Nestle | 2747.15 |
Britannia Inds | 6280.30 |
Varun Beverages | 610.95 |
Marico | 692.50 |
Hatsun Agro Product | 1163.00 |
View more.. |