Read More >> EW DELHI: RJ Corp-owned Varun Beverages Ltd (VBLNSE 0.95 %) is in advanced talks to acquire PepsiCo’s bottling, sales and distribution in the south and west for its carbonated drinks business, giving it nationwide control of these functions, said two executives aware of the development. Varun already runs PepsiCo’s bottling operations in the north and east and contributes more than 51% to its India’s sales volume. In December last year, Pepsi-Co formed a team under chief human resources officer Suchitra Rajendra to manage the likely transition of employees from company-owned to franchisee-owned operations.