Varun Beverages advance on getting nod to acquire 100% share capital in Twizza [Fast Moving Consumer Goods]
AI Summary1 min read
TL;DR
Varun Beverages' stock rises after receiving approval to fully acquire Twizza, expanding its PepsiCo franchise operations across multiple countries.
Tags
Consumer FoodFast Moving Consumer GoodsVarun BeveragesTwizza acquisitionPepsiCo franchiseFMCGstock market
The company together with its subsidiaries a joint venture and associates is engaged in manufacturing, selling, bottling and distribution of beverages of Pepsi brand in geographically pre-defined territories of India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, RDC, Mozambique, South Africa, Lesotho, Eswatini, Namibia and Botswana as per franchisee agreement with PepsiCo India Holdings Private Limited (PepsiCo India) and its affiliates. The sale of the company’s products is seasonal.