Private Sector | Multi State - India | PID: 129859
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Varun Beverages (VBL), which holds bottling and distribution franchise rights from Pepsico, is planning to raise $85 million (approx Rs 510.76 crore) equity to expand its organic and inorganic growth opportunities
For the proposed expansion plan, the company intends to invest $300 million (approx Rs 1,802.7 crore), over the next 12 months. Of the total amount, it is planning to raise $85 million (approx Rs 510.76 crore) equity from International Finance Corporation (IFC) and from other investors, and the remaining will be financed through internal accruals
| Updated on: 02 - Apr - 2014
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