date:Oct 12, 2012
Standard Chartered PE has invested R165 Cr ($32 Mn) in PepsiCo bottler Varun Beverages (International) Limited in a follow-on round.
The funds will be used to buyout Pepsis minority stake in its subsidiary, Varun Beverages Ltd. and the Indian beverage business will come under the VBIL umbrella.
The PE firm had invested around $50 Mn in VBIL last year in July for boosting growth in beverages business in India and overseas and also another group company Devyani International had received R250 Cr