New Delhi: Diversified group RJ Corp-owned Varun Beverages (VBL) is set to acquire PepsiCo’s company-owned bottling, sales and distribution operations in South and West India for its carbonated drinks business and the announcement is expected within this week itself, a top official directly aware of the developments said. This will give the BSE-listed VBL national franchise ownership of the New York-based PepsiCo’s India bottling operations. operations. VBL is already the franchise partner for PepsiCo’s bottling operations in the North and East and accounts for over 51% of its India sales volume.
“The details of the deal have been finalised; senior managers are going to key cities to meet employees and brief them about the change in franchising. A few regulatory approvals are pending and the announcement to employees about the franchising is expected very shortly,” this official said.
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