White arrow and stocks chart growth up on the background of the flag of IndiaHogan Lovells, Khaitan Lead On Beverage Company’s $890M Offering In India
The transaction marks one of the largest equity offerings from India this year.
December 03, 2024 at 08:23 AM
2 minute read
Hogan Lovells and Indian law firm Khaitan & Co are advising on domestic drinks manufacturer and distributor Varun Beverages’ (VBL) $890 million equity offering in India.
The company is one of PepsiCo’ largest franchisees in the world as well as its second largest bottling partner outside the U.S. Last year, VBL accounted for over 90% of PepsiCo’s sales in India.
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