PepsiCo extends Varun Beverages bottling pact to 2049, lifts exclusivity curbs
PepsiCo extended VBL's exclusive India bottling and trademark license by a decade to April 2049 and removed restrictions, freeing the bottler to pursue non-PepsiCo activities. Shares jumped 3.45% to a 52-week high of Rs 222.45, pushing market cap to Rs 1.80 lakh crore.
PepsiCo extended Varun Beverages' exclusive bottling and trademark license for India to April 2049 from 2039, and lifted restrictions allowing VBL to pursue activities beyond PepsiCo bottling. Shares hit a 52-week high of Rs 222.45, up 3.45%.