Varun Beverages has rallied 9% to Rs 750 on BSE in early morning trade after the company and PepsiCo India decided to enter into a strategic partnership for Tropicana.
Varun Beverages (VBL), a key player in the beverage industry, on Thursday after market hours announced that it has further deepened its relationship with PepsiCo by entering into a strategic partnership for the larger Tropicana portfolio along with Gatorade and Quaker Value-Added Dairy in territories across North and East India.
This is part of VBL’s strategy to expand its product portfolio through its valued relationship with PepsiCo, it added.
Varun Beverages (VBL), a key player in the beverage industry, on Thursday after market hours announced that it has further deepened its relationship with PepsiCo by entering into a strategic partnership for the larger Tropicana portfolio along with Gatorade and Quaker Value-Added Dairy in territories across North and East India.
This is part of VBL’s strategy to expand its product portfolio through its valued relationship with PepsiCo, it added.