Earlier this year, the company had taken over the bottling plants along with its territorial rights as well as distribution assets and rights of the same bottler in Haryana and Himachal Pradesh.
However, during the latest acquisition, Dhillon will retain the bottling right as well as its bottling unit, said sources in the company.
The sources declined to comment on the consideration for the deal.
Once this deal is completed, Pepsi will get complete control over the territories of Punjab, Haryana and Himachal Pradesh.
Though company executives declined to comment, the soft drink maker has been talking to some of its other franchise bottlers for taking over the non-performing or under performing territories.
Pepsi has the approval for acquiring Dhillon Kool Drinks
