Varun Beverages Acquires PepsiCo India’s Franchise In Jharkhand
Shares of the Gurgaon-based beverage maker fell 1 percent to Rs 603.60.
The company has acquired PepsiCo India’s previously franchised sub territory in Jharkhand along with one manufacturing unit at Jamshedpur, Varun Beverages said in an exchange filing.
With the current acquisition it is now a franchisee for PepsiCo products across 21 States and two Union Territories of India, the filing added.
