PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
Varun Beverages shares jump as board approves raising up to Rs 7,500 crore via QIP
Mumbai/IBNS: Shares of Varun Beverages surged in Wednesday's (Oct. 9) trading session after the board of the PepsiCo bottler approved a plan to raise Rs 7,500 crore through qualified institutional placement (QIP) to support its growth initiatives and enhance its balance sheet.
Varun Beverages to buy Pepsi India's bottler in South Africa
Varun Beverages, the Pepsi India bottler, on Tuesday announced its plans to acquire The Beverage Company, a South Africa-based entity, in a deal valued at 13.2 billion rupees ($158.71 million), media reports said.
PepsiCo to expand Global Business Service Center in Hyderabad
Hyderabad/UNI: American Multinational food company PepsiCo on Tuesday announced it is planning to expand its Global Business Service center in Hyderabad of Telangana.
PepsiCo joins growing advertising boycott of social media site Facebook: Reports
Moscow/Sputnik: The US food and beverage giant PepsiCo is set to pull its adverts from Facebook, joining a range of firms that have started a boycott of the social media platform due to concerns over its inability to monitor and police hateful content, the Fox News broadcaster reported on Sunday, citing sources in the company.
PepsiCo withdraws lawsuit against Gujarat potato farmers, NGOs seek compensation
New Delhi, May 2 (UNI): Pepsico Inc on Thursday agreed to withdraw after discussions with the government, their lawsuit against a few Gujarat farmers for cultivating a variety of potato (FC-5) that is grown exclusively for its branded potato chips marketed in India.
Indra Nooyi to step down as PepsiCo CEO on Oct 3
New Delhi, Aug 6 (IBNS): Long-serving PepsiCo chief executive officer (CEO) Indra Nooyi will step down from her position on Oct 3, the company confirmed on Monday.