SCPE takes minority stake in PepsiCo's top Indian bottler
Standard Chartered Private Equity (SCPE) is set to pay INR250 crore ($56 million) for a 5% stake in PepsiCo’s top bottler in South Asia, Varun Beverages International, The Economic Times reported. That commitment would value the company at more than $1 billion.
The funding would be used to support the company's expansion in India as well as in markets including Morocco, Nepal and Sri Lanka. Varun Beverages is owned by RJ Corp., and the $56 million is said to...
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