Varun Beverages has completed the acquisition of franchise rights in the South and West of India from PepsiCo for a national bottling, sales and distribution footprint in seven States and five Union Territories.
Transfer of the manufacturing facilities in the above territories is in progress and should be completed in due course, the company said in a notice to the bourses.
The stock of the company, which had entered into an agreement for the acquisition in February, closed at ₹901.45, up 2.29 per cent on the BSE.