Varun Beverages bags PepsiCo's franchise rights in MP, Odisha
Varun Beverages today said it has acquired PepsiCo India's franchise rights in Madhya Pradesh and Odisha.
"The company has concluded the acquisition of PepsiCo India's previously franchised territories in the state of Odisha and Madhya Pradesh, along with two manufacturing units at Bargarh and Bhopal," Varun Beverages said in a BSE filing.
The bottling company will now be a franchisee for PepsiCo products across 18 states and two union territories.
The stock closed 1.65 per cent up at Rs 516.45 on BSE.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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