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Mar, 23 2018

Varun Beverages Acquires PepsiCo's franchise In Jharkhand

PepsiCo India's bottling partner Varun Beverages is now a franchisee for PepsiCo products across 21 states and 2 Union Territories

Varun Beverages is confirmed to have acquired PepsiCo India's previously franchised sub-territory in Jharkhand along with a manufacturing facility.

In a BSE filing, it said, "The company has concluded the acquisition of PepsiCo India's previously franchised sub-territory in Jharkhand along with one manufacturing unit at Jamshedpur.”

PepsiCo India's bottling partner Varun Beverages is now a franchisee for PepsiCo products across 21 states and 2 Union Territories.

Shares of Varun Beverages were trading 0.68 per cent lower at Rs 605 a piece on BSE.

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