Varun Beverages gets CCI nod to acquire PepsiCo's franchise rights
The company's board had approved entering into a binding agreement with PepsiCo India Holdings to acquire franchise rights in the two regions for a national bottling, sales and distribution footprint in seven states and five Union territories ( UTs ).
PepsiCo India's bottling partner VBL said it has received nod from the Competition Commission of India, Photo: Reuters