date:Feb 13, 2019
The board of directors of Varun Beverages Limited, a key player in the beverage industry, has approved its intent to enter a binding agreement to acquire franchise rights from SMV Group in 13 districts in Karnataka, 14 districts in Maharashtra and three districts in Madhya Pradesh, subject to the satisfactory completion of due diligence and other approvals including final approval of PepsiCo. These rights had previously been franchised by PepsiCo to SMV Group. Upon the completion of these acquis